FXWIREPRO: Indian Rupee Falls Ahead of CPI Data, Intraday Bias Remains Neutral USD/INR is currently trading at 66.43 marks. It made intraday high at 66.44 and low at 66.30 levels. Intraday bias remains neutral for the moment. A daily close below 66.48 will drag the parity down towards 66.32, 65...
FXWIREPRO: USD/JPY Rangebound, Remains Capped Below 5-Dma at 108.44 USD/JPY trades largely rangebound in the Asian session, with a high of 108.27 and a low of 107.87...
USD/JPY Recovery Remains Capped Near 108.30 The bulls struggle to take on the recovery from multi-month lows beyond 108.30 levels, despite rallying Japanese stocks, as a lack of fresh fundamental drivers dampen the sentiment around USD/JPY somewhat...
FXWIREPRO: ASX200 Struggles to Close Above 5000, Good to Sell on Rallies Major resistance -4975 (55 4H EMA) Major support 4900 ASX200 has slightly recovered after making a low of 4906. It is currently trading at 4960. Short term trend is slightly weak as long as resistance holds...
FXWIREPRO: Gold Breaks Key Resistance at $1252, Good to Buy on Dips XAU/USD is currently trading around $1254 mark. It made intraday high at $1259 and low at $1253 levels. Intraday bias remains bullish till the time pair holds key support at $1248 marks...
FXWIREPRO: Nikkei225 Recovers After Making a Low of 15500,good to Sell on Rallies Major Support - 15000 (200 W MA) Major resistance - 16050 (55 4H EMA) The index has slightly recovered after making a low of 15513. It is currently trading around 15920...
FXWIREPRO: Aussie Gains Sharply on the Back of Better Than expected Nab Business Confidence Data AUD/NZD is trading around 1.1093 marks. Pair made intraday high at 1.1103 and low at 1.1052 marks...
FXWIREPRO: USD/KRW Fails to Sustain Below Key Support at 1142, Likely to Stay Range Bound USD/KRW is currently trading around 1146 levels. It made intraday high at 1147 and low at 1141 levels. Intraday bias remains neutral for the moment...
FXWIREPRO: USD/JPY Hovers Around Key Resistance at 108.04, Intraday Bias Remains Slightly Bullish USD/JPY is currently trading around 108.17 marks. It made intraday high at 108.26 and low at 107.87 levels. Today Japan released bank lending data with negative numbers at 2.0% m/m vs 2...
Gold Retreats From 3-Week Highs on Profit-Taking Gold failed to sustain at multi-week peaks and retraced a part of overnight gains in the mid-Asian trades, as a profit-taking spree hit the markets ahead of the Chinese data due tomorrow. Gold corrects lower in Asia Currently, gold trades -0...
JPY: Further Weakness in Inflation Forecasts – Nomura Yujiro Goto, Research Analyst at Nomura, suggests that the private forecasters continue to lower their Japanese inflation forecasts, according to the JCER survey (28 March to 4 April...
AUD/JPY Firmer, Pierces Through 82.50 Resistance The AUD/JPY cross remains strongly bid in the Asian trades, mainly driven by renewed strength in the AUD/USD pair after OZ business conditions hit 2008 highs last month. AUD/JPY at four-day high The AUD/JPY pair now jumps +0.70% to 82...
EUR/USD Better Bid Above 1.1400, Awaits Fresh Impetus The EUR/USD pair extends its overnight consolidative phase into mid-Asia, after having failed near 2016 highs in the last NY session, as bulls await fresh incentives in the day ahead for further upside...
AUD/USD Testing Monday’s High on Aus Data, Above 0.7600 AUD/USD extends gains beyond 0.76 handle post-China open, with the upbeat Australian confidence gauge adding to the favourable market sentiment in Asia. AUD/USD rises for 3rd straight session Currently, the AUD/USD pair rises 0...
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The yen's surge may be easing. It made a new marginal high in Asia, but has not been able to sustain it Technically, a hammer candlestick pattern may be traced out by the greenback's recovery today. Supporting the greenback is the movement in interest rate differentials...
Many analysts had anticipated that a dramatic drop in oil prices such as we’ve seen since the summer of 2014 could provide a big stimulus to the economy of a net oil importer like the United States. That doesn’t seem to be what we’ve observed in the data...
SPX500: Bull Flag Ahead of US Earnings Kick-Off Talking Points: S&P 500 Technical Strategy: Flat. Conditional long + short setups identified. US stock prices remain well-supported while European and Japanese equities are putting in more divergent reads...
The Canadian dollar held a firm tone versus the greenback Monday, ahead of this week's Bank of Canada meeting, where policy is expected to remain unchanged, but growth projections may be revised higher...
