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FXWIREPRO: Gold's Diagonal Credit Call Spreads in Sync With Hedging Objectives This is what was advised exactly a week ago, 1 leg of strategy has derived as desired. Please refer below link for further readings: http://www.econotimes...
Technical Analysis of EUR/JPY for April 7, 2016 General overview for 07/04/2016: Today, we will take a look at the longer time frame Elliott wave count to determine the context of the current situation and possible target levels for swing traders...
Technical Analysis of USD/CAD for April 7, 2016 General overview for 07/04/2016: The main long-term and the main short-term counts has been updated due to another possible wave progression on the higher time frames. In the monthly time frame we can see the market sell-off from the 1...
FXWIREPRO: Gold Slides "now in Sloping Channel, Then Rising Wedge" - Likely to Drifts Between 1200-1250 With Selling Momentum Technical Inference: Now sloping channel, then rising wedge: Broken below rising wedge base on daily chart at around 1240 levels, as a result, bearish swings now slipping...
EUR/USD: Neutral: Likely in a broad 1.1330/1.1495 range. There is not much to add as EUR tested the 1.1330 support before rebounding quickly. The undertone is positive but momentum is patchy at best and it is unclear at this stage whether EUR strength could surmount the major 1.1495 resistance (1...
European Stocks Rise for Second Day Stock markets across Europe rose for the second day on the back of rally in energy shares and drug makers. At the time of writing, Stoxx 50 index was up 0.10%. Germany’s DAX and France’s CAC were up 0.20% and 0.36% respectively. UK’s mining heavy FTSE was up 0...
EUR/GBP Better Bid on Weaker GBP, Re-takes 0.8100 The cross in the EUR/GBP witnessed a volatile European session so far, as the staunch remarks from ECB Chief Draghi did little to help the shared currency against sterling. EUR/GBP retreats from 1-1/2 year tops Currently, the EUR/GBP pair trades 0...
USD Could Slip Towards 93.00/92.50 – Westpac Richard Franulovich, Strategist at Westpac, sees the decline in the dollar could extend to the 92.50/93.00 area...
USD/JPY Focus is Now on 106.63 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, has noted the relevance of the 106.63 level in light of the ongoing weakness in the pair...
Gold Strengthens From 5-DMA Support Gold found support at 5-DMA level of $1224.57 and strengthened to a high of $1231.72 levels amid volatility in the FX markets and rise in European equities...
GBP/USD Vulnerable, Still Neutral – UOB In view of the research team at UOB Group, the pair’s outlook remains neutral in the near term, although downside risks have been increasing. Key Quotes “The break below the major 1.4050 support was short-lived as GBP rebounded strongly from a low of 1.4006...
Technical Analysis of USD/CHF for April 07, 2016 USD/CHF is expected to trade in a lower range and continue its downside movement. Technically, the pair remains weak below its falling 50-period moving average. The nearest resistance at 0.9595 maintains the strong selling pressure on the prices...
Technical Analysis of NZD/USD for April 07, 2016 NZD/USD is expected to trade in a higher range. The pair remains on the upside after overnight's rebound from a low of 0.6800. The bullish bias is maintained by the ascending 20-period moving average...
Technical Analysis of GBP/JPY for April 07, 2016 GBP/JPY is under pressure and expected to trade in lower range and move towards 152.35. The pair has been capped by its descending 50-period moving average and it is looking for a lower bottom...
EUR/USD Turns Negative Near 1.1380 The upside momentum in EUR/USD seems to have found strong resistance in the area of 1.1450/60, fresh 2016 tops...
USD/JPY Sell-Off Extends in Europe, 108.50 Tested The USD/JPY pair keeps falling post-Europe open, with the bears completely in control and now look to test the next psychological support placed at 108.00...
Technical Analysis of USDX for April 7, 2016 The Dollar index has broken support yesterday and is moving lower towards our 93 target area. Dollar bears need to be very cautious as the price is showing bullish divergence signals and if we reverse upwards above 95...
GBP/USD – Bears are Back, Drops Below 1.41 GBP bears made their presence felt once again in early Europe, pushing GBP/USD to a session low of 1.4048 levels. Rejected at hourly 50-MA Spot made failed attempts to break above hourly 50-MA, opening doors for a fresh sell-off in Europe...
Technical Analysis of Gold for April 7, 2016 Gold continues to move sideways but is still inside the bearish channel. The trend remains bearish as long as the price is below $1,240 with increased chances of a push lower towards $1,190...
