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GBP/USD eyes support at 1.5480 after half-cent retreat

Feb 25, 2015 13:15 pm UTC| Technicals

Cable eyes support at 1.54809 (former resistance level) after retreating from 1.5538 1.5538 = London am 8wk high. 1.5448-1.5479 = Asia range Early European trade saw stops tripped above...

GBP/USD pulled down by Middle Eastern account selling

Feb 25, 2015 10:41 am UTC| Technicals

Selling from Middle Eastern accountsinfluences35 pipretreat from 1.5538 Sub-1.55 bids likely to be near 1.5480 (last weeks high) Stops above 1.5480 1.55 were tripped in early European...

AUD/USD shorts squeezed, focuses on Australian property

Feb 25, 2015 10:27 am UTC| Technicals

Real money selling of AUD/USD near 0.79 after squeeze on shorts Lots of funds stopped out of shortsfollowing Asia break through 0.7850 Interest rate futures implyaround 40%chance of RBArate cut next...

USD/CAD bias remains on upside

Feb 25, 2015 10:20 am UTC| Technicals

Traders are long at 1.2518 for 1.2650 while their stop is 1.2415 Tenkan kijun lines are aligned positively, reinforcing upside potential Medium-term picture is bullish as 1.2286 intact 1.2286 - 23.6%...

EUR/GBP bias stays on the downside

Feb 25, 2015 10:00 am UTC| Technicals

10 30-dmas are aligned negatively, reinforcing the overall bearish bias Market hits new multi-year lows Crosss scope is on 0.7256 - 61.8% of the 0.5681-0.9805 2000 to 2008 up-leg Traders remain short at...

GBP/USD moving up towards 100DMA

Feb 25, 2015 09:43 am UTC| Technicals

Real money demand for GBP flagged as factor in pair rise to 1.5538 1.5538 = highest level for cable since Jan 2 Risk of sooner than expected BoErate hike = key source of support for GBP 1.5574 (100DMA) ...

EUR/JPY looks to fade recovery moves

Feb 25, 2015 09:34 am UTC| Technicals

Long tail on Fridays candlestick line is a drawback for bears Failure to perform a daily close sub 134.20 hurts bears 134.20 = 38.2% of the 130.16 to 136.70 up-leg Market require a daily close sub...

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Economy

ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain

The European Central Bank (ECB) does not currently see evidence that the U.S.-Israeli conflict with Iran is triggering broader inflationary pressures across the euro area, although policymakers remain alert to potential...

Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions

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Science

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Technology

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Arm Stock Falls After HSBC Downgrade, Citing Limited Near-Term AI Upside

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SK Hynix Stock Soars as AI Memory Demand Outlook Fuels Chip Rally

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Australia Flags Child Safety Gaps at Apple, Meta, Google Over Online Sexual Extortion

Australias online safety regulator has warned that major technology companies, including Apple, Meta, Google, Microsoft and Snap, still have significant shortcomings in tackling child sexual abuse and the rising threat of...
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