
FxWirePro: Danish Krone advances to 3-1/2 week peak on upbeat GDP growth rate and unemployment data
Feb 28, 2020 10:45 am UTC| Technicals
The Danish Krone surged to an over 3-week high following the release of upbeat GDP growth rate figures and unemployment data. Denmarks unemployment rate came in at 3.7 percent in January, unchanged from the previous...

FxWirePro: USDCAD hits 8-month low as crude oil plunges sharply, jump till 1.3500 likely
Feb 28, 2020 10:07 am UTC| Technicals
As per analysis USDCAD surged sharply and hits 8-month high on weak crude oil prices. WTI crude oil hits fresh 52-week low at $45.06 as the spread of coronavirus will reduce Chinese import by 20% next month. The pair...

USDJPY: Trend line break out (Target 107.80)
Feb 28, 2020 10:06 am UTC| Technicals
Ichimoku Analysis (4-hour chart) Tenken-Sen- 110.51 Kijun-Sen- 110.27 USDJPY continues to trade lower for 5 consecutive days and lost more than 350 pips on the spread of coronavirus. Chinas National...

FxWirePro: EUR/GBP jumps to over 6-week peak on hard line in EU talks
Feb 28, 2020 09:55 am UTC| Technicals
The euro soared to an over 6-week peak against the British pound as Britain confirmed a hardline stance on trade talks with the EU. Moreover, the selling pressure around the British currency intensified as...

FxWirePro: Aussie plunges near 11-year low, likely to break below 0.6500
Feb 28, 2020 08:59 am UTC| Technicals
The Australian dollar plunged to a near 11-year trough amid diminishing hopes the coronavirus outbreak could be contained in China as infections spread around the globe. The Aussie was trading 0.5 percent down at...

FxWirePro: Silver remains highly volatile on Friday; hits lowest level since Dec 20, 2019
Feb 28, 2020 08:45 am UTC| Technicals
XAG/USD is currently trading around $17.25 marks. It made intraday high at $17.86 and low at $17.05 levels. Intraday bias remains bearish for the moment. A daily close above $17.40 will test key resistances...

Feb 28, 2020 08:30 am UTC| Technicals
Ichimoku Analysis (Hour chart) Tenken-Sen- $1644 Kijun-Sen- $1657.20 Gold has lost more than $30 after a minor recovery till $1660 despite strong selling in the global stock market. US markets...