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Daily Archives: July 5, 2017

FxWirePro: EUR/USD bears resume ensuring major range bounded trend remains intact – stay short hedge for short run and long hedge for long term

  It has been struggling momentum for the streaks of consecutive rallies of last 4 months. On 4H charts, we don’t encourage longs despite current minor upswings. Instead, we are slightly bearish bias due to following technical indications. Upswings were rejected below stiff resistance at 1.1434 levels, current prices slid …

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FxWirePro: NZD/USD recovery fails shy of 0.73 handle, break below 20-dma at 0.7258 could see weakness

  NZD/USD recovery attempts fail shy of 0.73 handle, pair slips lower to currently trade at 0.7285. NZ Global dairy prices continued to moderate, slip for second straight auction. GDT Price Index dipped 0.4 percent, with an average selling price of $3,303 per tonne. Upside in the pair capped at …

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FxWirePro: xag/usd fails to fall below $16.00, short term trend reversal likely

  XAG/USD is currently trading around $16.13 marks. It made intraday high at $16.20 and low at $16.02 levels. Intraday bias remains bearish till the time pair holds key resistance at $16.32 mark. A daily close above $16.05 will test key resistances at $16.22/$16.32/$16.40/$16.58/$16.72/$16.88/$17.00/$17.08/$17.22/$17.49/$17.68/$17.72/$17.98/$18.24 marks respectively. On the other side, …

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Fed Eyes September Announcement on Balance-Sheet Reduction, By Nick Timiraos

WSJ-Federal Reserve officials have indicated there is a strong chance they will announce in September a decision to start shrinking the central bank’s portfolio of bonds and other assets, while putting off until December any further interest-rate increase. The moves would give officials time to assess how markets react to …

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North Korea’s missile shakes markets: 5 things to know today in Asia

North Korea claims successful missile test,  Gulf nations at an impasse and lots of data due out. Here are some of the things people in markets are talking about. ICBM The U.N. Security Council is poised to hold an emergency hearing on Wednesdayafter North Korea claimed it successfully test-fired an intercontinental ballistic missile. The revelations …

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