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Canada’s employment growth normalized in August. The nation added a total of 26.2k jobs in the month. With the labor force growing, the jobless rate reached 7 percent in August. On six month moving average basis, employment grew 7.8k, widely consistent with the trend seen so far in 2016...
Not many economic dockets and events scheduled for today and all with low to medium volatility risks associated. Upcoming: China: FDI details for August will be reported at 5:30 GMT. Money supply and loans statistics may get released today...
Machinery orders in Japan unexpectedly rose for the second straight month in a row in July, releasing a preliminary sign that the ailing economy is on a gradual path of improving demand, leading to higher corporate spending. Japan’s core machinery orders increased at a seasonally adjusted 4...
USD/INR is currently trading around 66.87 marks. It made intraday high at 66.92 and low at 66.85 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 67.05 marks. Key resistances are seen at 66.92, 67.05, 67.16, 67.28, 67.52, 67.71, 67.84, 67.95, 68.02, 68...
EUR/GBP trades a narrow range in the Asian session, finds strong support at 0.8440 (converged 5&10 DMA). Violation there could see next major support by cloud top at 0.8431. EUR/GBP has bounced off from major trendline support on Sept 6th trade...
XAG/USD is currently trading around $18.92 marks. It made intraday high at $19.12 and low at $18.76 levels. Intraday bias remains bearish till the time pair holds key resistance at $19.27 levels. A daily close below $18.76 will take the parity down towards key supports at $18.68, $18.44, $18...
Ongoing uncertainty over the US interest rates outlook amid a slew of mixed Fed speaks, leaves the investors confused. Kiwi bears in control for the third straight session, NZD/USD recovery attempts rejected at session highs by 0.7345...
FITCH -PROGRESSIVE INCREASE IN MINIMUM CAPITAL REQUIREMENTS UNDER BASEL III LIKELY TO PUT NEARLY HALF OF INDIAN BANKS IN DANGER OF BREACHING CAPITAL TRIGGERS...
All the Asian indices were trading on a negative note on the start of a new week. On the other side, gold remains well supported above $1,320 mark but silver slips below $19.00 mark. Silver was trading around $18.92 levels. Japan’s Nikkei 225 was trading 1.51 percent lower at 16,708.42 points...
Major resistance -5312 (3-day EMA). Major support - 5208 (Cloud bottom). The index has broken major psychological support at 5300 and declined till 5214 at the time writing.It is currently trading around 5214...
Major support -16820 (200- day MA). Nikkei225 has broken major support at 200- day MA at 16796 and trades slightly below that level.It is currently trading around 16693. The index has formed temporary top around 17159 and is struggling to break that level...
USD/TWD is currently trading around 31.64 marks. It made intraday high at 31.69 and low at 31.19 marks. Intraday bias remains neutral till the time pair holds key resistance at 31.82 marks. A daily close above 31.78 will drag the parity up towards key resistances around 31.98, 32.12, 32.25, 32...
USD/KRW is currently trading around 1,110 levels. It made intraday high at 1,111 and low at 1,102 marks. Intraday bias remains bullish till the time pair holds key support at 1,102 levels...
USD/SGD is currently trading around 1.3610 marks. It made intraday high at 1.3613 and low at 1.3582 levels. Intraday bias remains bullish till the time pair holds key resistance at 1.3538 marks. A sustained close above 1.3614 will test key resistances at 1.3660, 1.3732, 1.3799, 1.3836, 1...
Everyday at Sidney's opening time, according to some volatility and direction parameters analyzed on the world's majors USD , EUR , GBP , JPY , I purpose my advise on the likely scenario, within the following Tokyo, London and New York sessions. For the next hours, I prefer sell setups on GBPUSD...
Here’s the market outlook for this week: Content courtesy of Tallinex Limited https://www.tallinex.com EURUSD Dominant bias: Bullish Last week saw the resistance line at 1.1300 tested, followed by a correction...
Daily price is on ranging market condition located above Ichimoku cloud in the bullish area of the chart within the following support/resistance levels: 1.1326 resistance level located above Ichimoku cloud in the bullish area, and 1...
GBP staged a comeback in recent weeks, buoyed by better-than-expected UK PMI and housing data and the unwinding of extreme market shorts. Data releases next week could confirm that the initial Brexit shock was smaller than feared and support the currency...
First, a review of last week’s forecast: – as for the forecast for EUR/USD, those 40% of experts, who believed that the pair would go up to the resistance of 1.1300, which virtually happened, were right...
