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EURGBP- Having reversed its intra day losses to close slightly higher on a rejection candle on Monday, bull pressure now builds up on resistance zone at 0.7250. On the upside, resistance lies at the 0.7240 level where a violation if seen will turn risk towards the 0.7280 level. Further out, the 0...
Analytics & Forecasts
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FXTechstrategy Team, 8 December 2015, 05:19
The Japanese yen snaps losses and extends gains against its American rival in the mid-Asian session, with USD/JPY breaching key support near 123.10 region. USD/JPY on its way to hourly 200-SMA Currently, the USD/JPY pair trades -0.24% lower at fresh session lows of 123...
Market News
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sathish kumar, 8 December 2015, 05:15 #usd/jpy
The Aussie keeps range below hourly 20-SMA at 0.7278 following the release of the sluggish Chinese trade figures, which once again raised worries over the country’s external demand. China data disappoints again Currently, the AUD/USD pair trades -0.11% lower at 0...
Currency
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sathish kumar, 8 December 2015, 05:10
USD CAD, “US Dollar vs Canadian Dollar”At the H1 chart, the price is moving at the top as well. If the pair breaks the +2/8 level during the day, the lines at the chart will be redrawn...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 05:09
USD CAD, “US Dollar vs Canadian Dollar”At the H1 chart, the price is moving at the top as well. If the pair breaks the +2/8 level during the day, the lines at the chart will be redrawn...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 05:08
USD CAD, “US Dollar vs Canadian Dollar” Canadian Dollar is trying to stay above the 8/8 level inside “overbought zone”. Earlier, the price was supported by the 6/8 level and rebounded from it several times. In the nearest future, the market may continue moving towards the +2/8 level...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 05:03
AUD/JPY was licking its wounds after losing the 0.73 handle in a soft commodities sector and the greenback losing ground to the Yen. In recent moments, there has been supply in the Aussie while PBoC said to be injecting CNY 10b via 7 day reversals and sets the ref rate mid point for CNY at 6...
Currency
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sathish kumar, 8 December 2015, 04:22
On Tuesday, the Chinese central bank, PBOC, sets USD/CNY reference rate at 6.4078 versus 6.3985 previous close. Meanwhile, China’s CSI300 futures open down 0.6...
Market News
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sathish kumar, 8 December 2015, 04:18
As reported by Shanghai Securities News via MNI, Shen Lan, an economist covering China for Standard Chartered noted that China's reserve requirement ratio (RRR) is expected to be cut by 0...
Market News
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sathish kumar, 8 December 2015, 04:12 #China
The USD has tended to rally against major currencies heading into the start of a Fed tightening cycle, but weaken following the first rate hike. However, the pattern is a lot more varied against Asian currencies...
Market News
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sathish kumar, 8 December 2015, 04:07 #FOMC
At the H1 chart, the price is getting closer to the 4/8 level. If the pair rebounds from this level, the ascending correction may continue. However, the door swings both ways: if the price breaks the 4/8 level and stays below it, the market may continue falling...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 04:06
EUR USD, “Euro vs US Dollar” Eurodollar has faced resistance from the 2/8 level and started a descending correction. If later the price is supported by the 0/8 level and rebounds from it, the market may resume its ascending movement...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 04:02
il prices seeped to their lowest level in over 6 years, breaking swing lows as oversupply was confirmed as not being abated any time soon. OPEC meetings ended with no resolution on production cuts and lacked any reference to output ceilings which was the big kicker in sending Oil to new lows...
Crude Oil
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sathish kumar, 8 December 2015, 03:08
we can see at the H1 chart, the price is trying to rebound from the retracement of 38.2%. It’s highly likely that on Monday the pair may complete the local correction...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 02:39
Europound has started an ascending correction as well. The closest is the local group of fibo-levels at 0.7295. Possibly, the market may resume its growth towards upside targets during the day...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 02:34
At the H1 chart, the price is moving near the local retracement of 38.2%. If the price rebounds from this retracement upwards, it may resume its ascending movement towards upside targets...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 02:26
In case of Eurodollar, the ascending correction continues; its closest target is at the group of fibo-levels close to the correctional retracement of 50%. If this level is broken, the market may continue its growth towards the retracement of 61.8...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 02:22
8.12.2015 00:00Immaculate Conception Day Currency: EUR, Importance: Not significant 08.12.2015 00:00Immaculate Conception...
Market News
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sathish kumar, 8 December 2015, 01:59
GBP/USD found support at the 1.5040 zone and settled in a slim range just above where it has spent the last hours, unable to pick up momentum either side of the board in the absence of first-tier data...
Analytics & Forecasts
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sathish kumar, 7 December 2015, 21:51 #GBP/USD
Analysts at TD Securities noted that this week sees the release of Chinese November trade (Tuesday) and CPI (Wednesday). Key Quotes: "We and the consensus have pencilled in a similar recovery for exports (-5% Y/Y from a prior -6.9...
Market News
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sathish kumar, 7 December 2015, 21:49 #China