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USD/KRW is currently trading around 1,109 levels. It made intraday high at 1,110 and low at 1,107 marks. Intraday bias remains neutral till the time pair holds key support at 1,102 levels...
Major resistance -5296 (3-day EMA). Major support - 5208 (200- day MA). The index has broken major support at 200- day MA and slightly recovered from that level. It is currently trading around 5231...
Major support -1641 (100- day MA). Nikkei225 has recovered after making a low of 16506.It is currently trading around 16673. The index has formed temporary top around 17159 and is struggling to break that level. It should break above that level for further bullishness...
USD/TWD is currently trading around 31.62 marks. It made intraday high at 31.71 and low at 31.56 marks. Intraday bias remains neutral till the time pair holds key resistance at 31.77 marks. A daily close above 31.78 will drag the parity up towards key resistances around 31.98, 32.12, 32.25, 32...
Trading recommendations Sell Stop 0.7280. Stop-Loss 0.7340. Take-Profit 0.7240, 0.7115, 0.7100, 0.7085, 0.6975, 0.6900, 0.6860 Buy Stop 0.7350. Stop-Loss 0.7280. Take-Profit 0.7380, 0.7420, 0.7500, 0...
USD/SGD is currently trading around 1.3564 marks. It made intraday high at 1.3571 and low at 1.3546 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3632 marks. A sustained close above 1.3632 will test key resistances at 1.3660, 1.3732, 1.3799, 1.3836, 1...
Moodys Investors Service says that the 1H 2016 results of its 12 rated listed Chinese banks showed a continued weakening in their overall performance, while some improvements were evident for new problem loan formation, capital and funding in the case of a small number of banks...
According to the latest September report, the 14-member oil producing cartel said central banks such as the U.S. Federal Reserve will be crucial in determining the state of global growth and the overall health of the energy sector...
Turkeys central bank reduced its reserve requirement ratios on Tuesday last week to boost the liquidity in the financial system. The Turkish lira reserve requirement ratios were cut by 50 basis points for all maturity brackets, the Central Bank of the Republic of Turkey (CBRT) said in a statement...
Market Roundup • Fed’s Brainard: warns against removing support for U.S. economy, wants stronger spending, inflation data before tightening. • US rate hike odds for Sept dip after dovish Brainard comments to 15% from 21%, Dec rises near 59...
The pair initially declined in the early US session but rebounded back strongly after Federal Reserve expressed caution about the need to raise U.S. interest rates. Fed Governor Lael Brainard said on Monday she wanted to see a stronger trend in U.S...
USDJPY Daily Forecast: September 13 2016 USDJPY Forecast The USDJPY had a bearish momentum yesterday bottomed at 101.56 and hit 101.41 earlier today in Asian session. The bias is bearish in nearest term testing 101.15...
USDCHF Daily Forecast: September 13 2016 USDCHF Forecast The USDCHF was indecisive yesterday. The bias is neutral in nearest term. Immediate resistance is seen around 0.9750. A clear break above that area could trigger further bullish pressure testing 0.9800 or higher...
Bank of Russia’s Governor Elvira Nabiullina sent out a somewhat hawkish signal ahead of widespread expectations for a policy rate cut this Friday...
This contrarian complacency chart, which is shared by zerohedge.com, shows the 25-day moving average of the number of issues unchanged in a trading day as a percentage of all issues...
Denmark statistics office data released on Monday showed that Denmarks EU-harmonised consumer price index (HICP) was unchanged in August after rising 0.1 percent in July. Expectations were for a 0.4 percent rise. Month-on-month, the HICP slid 0.4 percent. The consumer price index rose 0...
Data released by the statistical office Turkstat on Friday showed that Turkey Q2 GDP growth significantly disappointed with GDP increasing by only 0.3 percent q/q, missing expectations for 0.5 percent and compared to 0.7 percent in Q1. On a year-over-year basis gross domestic product rose 3...
USD/CAD has rose on Monday as rising risk aversion and lower oil prices weighed on the risk-sensitive Canadian dollar. Oil fell after speculators delivered hefty cuts to their bullish bets last week and U.S. crude drillers added more rigs for a tenth week running...
Organization of Petroleum Exporting Countries (OPEC) warned on Monday that the supply outside OPEC would rise into the next year and revised the group’s forecast of the supply outside and if the cartel, whose production is also rising this year, even maintains the current level of production we w...
Metal pack is down today. Performance this week at a glance in chart & table - Gold: Gold is down despite risk aversion in the market. Today’s range $1322-1330.5 We expect gold to reach $1520 Gold is currently trading at $1325/troy ounce...