
FxWirePro: USD/NOK retreats from multi-week lows, intraday bias bullish
May 11, 2020 11:49 am UTC| Technicals
The Norwegian Krone declined, retreating from an over 1-month peak hit earlier in the session. The Norwegian currency benefited from the upbeat economic data, which showed Norways annual inflation rate inched higher...

FxWirePro: USDCAD Daily Outlook
May 11, 2020 11:37 am UTC| Technicals
Ichimoku Analysis (4-Hour chart) Tenken-Sen- 1.3944 Kijun-Sen- 1.40366 USDCAD recovers more than 80 pips from intraday low of 1.39070 to 1.39894. The pair was one of the worst performers the previous...

FxWirePro: Copper consolidates break above 55-EMA, outlook bullish
May 11, 2020 10:25 am UTC| Technicals
Copper chart - Trading View Copper has halted 5-days of upside and was trading 1.04% lower on the day at 2.384 at around 10:00 GMT. Price action was consolidating break above 55-EMA and daily cloud, bias remains...

FxWirePro: Turkish lira extends rebound as coronavirus lockdown eases
May 11, 2020 09:59 am UTC| Technicals
The Turkish Lira rose, continuing to drift further away from all-time lows recorded last week. The Turkish currency nudged up to a near 1-week peak as the country eased coronavirus lockdown The easing of the...

FxWirePro: USD/DKK halts 2-day losing streak, minor support at 21-EMA
May 11, 2020 08:55 am UTC| Technicals
The Danish Krone edged down after rising for two straight sessions amid broad-based greenback strength and downbeat economic data. Denmarks consumer prices were flat from a year earlier in April, after a 0.4 percent...

FxWirePro: FTSE100 recovers above 6000 levels as lockdown eases, good to buy on dips
May 11, 2020 08:43 am UTC| Technicals
Ichimoku Analysis (4-Hour chart) Tenken-Sen- 5883 Kijun-Sen- 5953 FTSE110 recovered sharply from a low of 5710 on surge in the global stock. UK markets started to trade higher after Government eases...

FxWirePro: EUR/JPY spikes higher, re-opening of some eurozone economies instills renewed optimism
May 11, 2020 07:43 am UTC| Technicals
EUR/JPY chart - Trading View EUR/JPY spikes higher to retake 116 handle, as the single currency remains bid. The pair was trading 0.54% higher on the day at 116.17 at around 07:25 GMT. Re-opening of some eurozone...