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FxWirePro: EUR/USD trades in narrow range, good to sell on rallies

Jul 08, 2015 12:13 pm UTC| Technicals

RES 4: 1.1178 (Support turned into resistance) RES 4: 1.1140 (Jul 3rd high) RES 3: 1.1100 (Jul 6th high) RES 2: 1.1030 (20 day 4 HMA) PRICE: 1. 10316 @ 12:09 GMT SUP 1: 1.1100 SUP 2 :1.10720...

Short term outlook on EURUSD

Jul 08, 2015 11:55 am UTC| Technicals

Support 3- 1.0886 (61.8 % Fibonacci retracement) Support 2- 1.0915 (July 7, 2015 Low) Support 1- 1.0970 (50% Fibonacci retracement) Spot Rate- 1.1023 Resistance 1- 1.1090 (38.2 Fibonacci retracement) Resistance 2-...

USD/JPY breaks major support 121.80, decline till 120 is possible

Jul 08, 2015 11:15 am UTC| Technicals

RES 4 :123.70 (Jul 7th high) RES 3 : 123.03 (61.8% retracement of 125.84 and 121.30) RES 2: 122.56 (7 day W EMA) RES 1: 122 PRICE: 121.56 @ 11:05 GMT SUP 1: 121.25 (161.8% retracement of 122.47 and...

Likely contraction in Canada's economy increases the odds of another BoC rate cut

Jul 08, 2015 10:03 am UTC| Technicals

We see a high probability of Bank of Canada cutting rates next Wed to support Canadas flagging economy. Canadian economy is tracking well below the 1.9% pace expected by the Bank of Canada in its April 2015 MPR. In the...

USD/JPY rebound limited to 122.25

Jul 08, 2015 03:54 am UTC| Technicals

Move down to 121.96 followed by rebound only to 122.25, pushing down again Market very much risk off, Shanghai Composite off early low but still down large Initial support at 121.70 on base of daily Ichi...

USD/MYR traded narrow range, market continue to cap rallies

Jul 08, 2015 03:36 am UTC| Technicals

Pair traded 3.8065-90 range only, BNM seen stubborn at 3.81 for now Matter of time before Central bank moves to higher intervention FX reserves at USD105.5bln end June vs USD116bln end December 2014 Pair...

USD/INR likely to open around 63.50, may trade 63.45-63.60 intraday

Jul 08, 2015 03:03 am UTC| Technicals

Pair risks further squeeze on short cover, risk aversion Bonds could see further profit taking sales after good rally this week NDFs traded 63.74-6.87 range overnight, closed 63.75-63.83 in...

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