FxWirePro: USD/NOK plunges to 2-1/2 month low, likely to test 9.8000 level
May 27, 2020 10:51 am UTC| Technicals
The Norwegian Krone rallied to a 2-1/2 month peak following better-than-expected retail sales, household consumption and unemployment figures. Norways retail sales increased 4.8 percent year-on-year in April,...
FxWirePro: EUR/CHF spikes past 110-EMA, further gains likely as techs turn bullish
May 27, 2020 10:16 am UTC| Technicals
EUR/CHF chart - Trading View EUR/CHF was trading 0.71% higher on the day at 1.0680 at around 10:10 GMT, slightly lower from session highs at 1.0691. The pair spiked past 110-EMA which was capping upside from the past...
FxWirePro: EUR/JPY breaks above 110-EMA, risk reset amid positive vaccine news supports gains
May 27, 2020 10:01 am UTC| Technicals
EUR/JPY chart - Trading View EUR/JPY erases losses and spikes higher to break above 110-EMA resistance at 118.39. The pair hit session highs at 118.66 as risk appetite increases amid positive vaccine news. Novavax...
FxWirePro: S&P500 Short term outlook
May 27, 2020 09:59 am UTC| Technicals
SP500 continues to trade higher for 5th consecutive days on COVID-19 vaccine hopes. The easing of lockdown a slight decline in the number of new coronaviruses infected cases has increased market risk appetite. But weak US...
FxWirePro: USD/TRY retreats from 6-1/2 week low, faces strong resistance at 7-EMA
May 27, 2020 09:54 am UTC| Technicals
The Turkish Lira eased, retreating from a 6-1/2 week peak hit in the prior session, as the greenback steadied against a basket of currencies. The dollar gained amid concern about increased tension in Hong Kong and a...
FxWirePro: FTSE100 downside capped by Kijun-Sen, jump till 6100 likely
May 27, 2020 09:03 am UTC| Technicals
Ichimoku Analysis (Daily chart) Tenken-Sen- 6100 Kijun-Sen- 6061 FTSE100 continues to trade higher for 4th consecutive as market risk appetite improves. The global stock market surged sharply...
FxWirePro: EURUSD Short term outlook
May 27, 2020 09:02 am UTC| Technicals
Ichimoku Analysis (8-hour chart) Tenken-Sen- 1.09331 Kijun-Sen- 1.08943 EURUSD recovered more than 100 pips from a low of 1.08700 on broad-based US dollar selling. The easing of lockdown and optimism...
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