FxWirePro: Norwegian Krone rallies to 2-1/2 month peak on upbeat economic data and dollar weakness
May 29, 2020 11:16 am UTC| Technicals
The Norwegian Krone rallied to a new2-1/2 month peak as the greenback slumped against a basket of currencies. The dollar index plunged to its lowest level since March 17 as traders awaited U.S. President Donald Trumps...
FxWirePro: Daily Commodity Tracker - 29th May, 2020
May 29, 2020 11:15 am UTC| Technicals
Daily Commodity Tracker WTI (US OIL): Daily trend - Neutral, with a bearish bias Previous Week High/Low: 34.64/ 29.59 Previous Day High/Low: 34.19/ 31.16 GOLD (XAU/USD): Daily trend - Turning...
FxWirePro: EUR/GBP spikes past 0.90 hurdle, gains upto 61.8% Fib at 0.9183 likely
May 29, 2020 10:48 am UTC| Technicals
EUR/GBP chart - Trading View EUR/GBP has edged slightly lower from 2-month highs at 0.9054, bias remains strongly bullish. The pair was trading 0.53% higher on the day at 0.9035 at around 10:30 GMT, after closing...
GBPJPY: Triple top and trend line break out
May 29, 2020 10:27 am UTC| Technicals
Ichimoku Analysis (1-hour chart) Tenken-Sen- 132.31 Kijun-Sen- 132.35 GBPJPY has once declined after showing a jump to 132.88. The pair has formed almost a triple top near 133. The decline was mainly...
FxWirePro: USD/TRY hits 1-1/2 week peak as Turkey's economy expands less-than-expected
May 29, 2020 10:07 am UTC| Technicals
The Turkish Lira plunged to a 1-1/2 week low following the release of soft growth data. Turkeys economy advanced 4.5 percent year-on-year in the first quarter of 2020, easing from a 6 percent growth in the previous...
FxWirePro: EUR/CHF hits 2-month high, bullish momentum to drive further gains
May 29, 2020 10:05 am UTC| Technicals
EUR/CHF chart - Trading View Technical Analysis: Bias strongly bullish Indicators in support of upside: - RSI above 70 mark, bias higher - Stohastics are sharply higher - Bullish divergence on Stochastics on...
FxWirePro: Danish Krone hits 2-month peak as economy contracts less than expected
May 29, 2020 09:00 am UTC| Technicals
The Danish Krone surged to a fresh 2-month peak as the greenback plunged to multi-week lows. The dollar index slumped after Hong Kongs government warned that withdrawing its special U.S. status, could be a...
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