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Tue, Mar 31, 2020 01:02 AM All times are UTC Edition :

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FxWirePro:EUR/AUD attracts selling interest, vulnerable to more downside

Mar 30, 2020 18:20 pm UTC| Technicals

EUR/AUD declined on Monday as investors braced for prolonged uncertainty to fight the coronavirus. Fears mounted that the global coronavirus shutdown could last for months. At GMT 18:10, the pair was trading 0.80%...

FxWirePro: USDCAD recovers sharply on weak crude oil price, good to buy on dips

Mar 30, 2020 17:33 pm UTC| Technicals

Ichimoku Analysis (4-hour chart) Tenken-Sen- 1.43075 Kijun-Sen- 1.42260 USDCAD showed a nice recovery of more than 200 pips on weak Crude oil prices. WTI crude oil has gone below $20 and hits the lowest level in 18...

FxWirePro: Swedish Krona extends losses on deeper recession fears

Mar 30, 2020 13:06 pm UTC| Technicals

The Swedish Krona declined, extending losses for the fourth straight session amid growing concerns that the Swedish economy faces a deeper recession than in the 2008/09 financial crisis. The economy is expected to...

FxWirePro: Sell EURUSD on rallies

Mar 30, 2020 12:30 pm UTC| Technicals

Ichimoku Analysis (Hourly chart) Tenken-Sen- 1.10505 Kijun-Sen- 1.09468 EURUSD is trading lower after hitting a high of 1.11476. The pair pared most of the gains made the previous week. The massive...

FxWirePro: Daily Commodity Tracker - 30th March, 2020

Mar 30, 2020 12:08 pm UTC| Technicals Research & Analysis

Daily Commodity Tracker (12:00 GMT) WTI (US OIL): Major and minor trend - Strongly bearish Oscillators: Oversold (no sign of reversal) Bollinger Bands: Widening on Daily, Weekly and Monthly charts Intraday High/Low:...

FxWirePro: USD/TRY hits 1-week peak on CBRT's latest COVID-19 measures

Mar 30, 2020 11:58 am UTC| Technicals

The Turkish Lira plunged to a 1-week low after the Turkish bank cuts credit card costs in the latest COVID-19 step. Turkeys central bank lowered the maximum interest rates that banks can charge on credit card debtto...

FxWirePro: USD/NOK retreats from 1-1/2 week trough, finds support at 20-EMA

Mar 30, 2020 10:55 am UTC| Technicals

The Norwegian Krone nudged lower, hovering away from a 1-1/2 week low hit in the previous session as the greenback surged across the board. The pair found strong support at 20-EMA on Friday to close 0.5 percent higher...

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Economy

FxWirePro: Spotlight On CBT Amid Sluggish Turkish Growth – Bid 3M USD/TRY Skews Ans Hedge

Turkeys central bank pulled forward a scheduled MPC meeting by two days and implemented a 100bps emergency rate cut yesterday. The CB reduced the 1-week repo rate from 10.75% to 9.75% and lowered RRR on all FX deposits by...

FxWirePro: BoC’s Rate Cuts on Cyclical Effects of Covid-19 - USD/CAD Risk-Off Call Ratio Spread

Over the weekend, the Bank of Canada cut its key interest rate by another 50 bp, after it had lowered its key interest rate from 1.75% to 1.25% at its regular meeting. The BoC also said that it was ready to take further...

Coronavirus and Spanish flu: economic lessons to learn from the last truly global pandemic

As news of the global spread of coronavirus disease (COVID-19) emerged, global financial markets reacted pessimistically and behaved in ways not seen since the 2008 financial crisis. But fully understanding the potential...

Cash handout of $750 for 6.5 million pensioners and others receiving government payments

A payment of $750 will be made from the end of this month to about 6.5 million people as part of the governments $17.6 billion stimulus package aimed at keeping Australia out of a recession caused by the impact of the...

Tokyo Olympics: how coronavirus is affecting preparations

The World Health Organizations decision to officially recognise the coronavirus outbreak as a global pandemic means organisers are facing difficult decisions on whether to go ahead with major sporting events. There were...

Politics

Donald Trump won’t lift coronavirus restrictions by Easter but expects more than 100,000 to die from coronavirus

President Donald Trump is no longer pushing to lift coronavirus restrictions by Easter. However, the POTUS shared some startling estimates by saying more than 100,000 Americans could die from the virus. On Sunday,...

Hillary Clinton mocks Donald Trump, links his ‘America First’ slogan to the country leading in number of COVID-19 cases

Despite assurances from President Donald Trumps administration in January that the coronavirus outbreak in the country is under control, new COVID cases in the country continued to rise. In fact, the U.S. is now the...

Joe Biden says the American people need to know the truth about coronavirus

The coronavirus pandemic has opened up the gateway to misleading or upsetting information that can do more harm than good. Former vice president Joe Biden weighed in on the current situation and said that the public should...

Barack Obama playfully accuses Prince George of breaking protocol during 2016 visit

In 2016, President Barack Obama and First Lady Michelle Obama paid a visit to the Duke and Duchess of Cambridge. A report at that time reveals how the former president playfully recalled how Prince George broke protocol...

US President Donald Trump eyes trade with China in the midst of COVID-19 pandemic

President Donald Trump has recently criticized the Chinese government for their response and failure to contain the coronavirus, which has claimed thousands of lives all over the world. However, this time around, a report...

Science

Asteroids: Potentially hazardous asteroid already on 'close approach' trajectory

Space agencies all over the world are keeping tabs on one particular asteroid that is bound for Earth by April. Recent reports reveal that the asteroid in question is already on a close approach trajectory. Express...

Dr. Anthony Fauci predicts over 100,000 coronavirus fatalities in US

As the world is currently struggling to contain the pandemic that is the coronavirus, it appears that the situation would only get worse before it could get better. According to Infectious Diseases director Dr. Anthony...

Asteroids: NASA releases a detailed map of asteroid Bennu's surface

One of the asteroids that NASA is keeping tabs on is referred to as Bennu, and the agency is currently on a mission to collect samples from the space rock. At the same time, NASA has put together photos taken of the...

NASA Astronaut Jessica Meir shares photo of Earth at night

In the midst of all the fear and panic surrounding the coronavirus pandemic all over the world, many are also in search of some good news. Recently, NASA astronaut Jessica Meir shared a photo of the Earth being illuminated...

Coronavirus update: Possible scenarios on how the pandemic will come to an end

The coronavirus or COVID19 may currently be disrupting everyday lives, but there is a time where it will end. With that in mind, it bears wondering just how will the pandemic come to a halt. With hundreds and thousands...

Technology

Surface Book 3 specs: Leaks suggest different variants might sport Tiger Lake-U, Intel Core i5-1035G1 and Ryzen 4000 CPUs

While no definite Microsoft Surface Book 3 release date has been announced, the gadget is expected to arrive sometime this year. Various leaks suggest that buyers will have plenty of options when it comes to the devices...

‘Domestic Girlfriend’ season 2: Natsuo will marry one of her step-sisters

Some anime fans might still be insisting on not reading the manga while hoping that the animated adaptation will be renewed. However, knowing how this love triangle story will pan out might help them decide whether to keep...

Google Pixel 5 might feature Snapdragon 765G and it’s for a good reason

Top-of-the-line Android devices have one thing in common, they are usually launched with the top-tier CPU from Qualcomms Snapdragon 8 series. However, there are rumors that Google might be opting for a drastic change by...

Tesla employees found positive for coronavirus

A couple of Tesla employees have reportedly tested positive for coronavirus as the company joins the private sectors efforts to help provide the lack of medical equipment to combat the COVID-19 pandemic. Tesla CEO Elon...

AirPods 3 wish list: 3 things to expect and 1 unlikely feature

One of Apples biggest successes in 2019 was the announcement of AirPods Pro, but it might be too pricey for some consumers. There may still be a significant demand for a new truly wireless earbuds from Apple with a less...