
FxWirePro: EUR/GBP rallies near 3-week peak ahead of BoE's Cunliffe speech
Feb 27, 2020 09:57 am UTC| Technicals
The euro rallied to a near 3-week peak against the British pound on concerns that Britains new finance minister Rishi Sunaks budget announcement in March may disappoint those waiting for a pick-up in fiscal spending. ...

FxWirePro: USDCAD hits 4-1/2-month high on weak crude oil, good to buy on dips
Feb 27, 2020 09:54 am UTC| Technicals
USDCAD hits 4-1/2-month high on weak crude oil prices. WTI crude oil declined till $47.85, the lowest level since Dec 17th, 2018 as the spread of coronavirus will reduce the global demand. The pair jumped till 1.33476 and...

FxWirePro: EURUSD holds above 1.0900 level, markets eye US GDP
Feb 27, 2020 09:27 am UTC| Technicals
EURUSD trading higher for the past 4 days and hits 2-week high amid coronavirus. The coronavirus has spread to all countries especially South Korea, Italy is the worst-hit next to China. It hits a high of 1.09461 at the...

FxWirePro: XAG/USD hovers around $18.00 mark, good to sell on rallies
Feb 27, 2020 09:00 am UTC| Technicals
XAG/USD is currently trading around $18.01 marks. It made intraday high at $18.14 and low at $17.90 levels. Intraday bias remains neutral till the time pair holds key support at $17.92 mark. A daily close above...

FxWirePro: Aussie attempts a minor recovery, struggles to break above 0.6600
Feb 27, 2020 08:51 am UTC| Technicals
The Australian dollar nudged up after tumbling to a near 11-year trough earlier in the day on rising fears of a pandemic. The major attempted a minor recovery as the greenback eased on bets for a rate cut by the U.S....

FxWirePro: USDJPY faces strong support at 21-day MA, break below targets 109
Feb 27, 2020 08:38 am UTC| Technicals
Ichimoku Analysis (Daily chart) Tenken-Sen- 110.94 Kijun-Sen- 110.27 USDJPY has once again declined after a minor recovery till 110.70. The demand for Safe-haven assets like yen, gold has increased...

FxWirePro: South African rand trades marginally higher ahead of PPI data
Feb 27, 2020 07:48 am UTC| Technicals
USD/ZAR is currently trading around 15.26 levels. It made intraday high at 15.31 and low at 15.23 levels. Intraday bias remains bearish till the time pair holds key resistance at 15.40 mark. A daily close...