FxWirePro: Turkish lira hits 1-week peak on CBRT's aggressive measures to support markets
Mar 25, 2020 11:52 am UTC| Technicals
The Turkish Lira rallied to a 1-week peak after the U.S. Congress agreed an economic stimulus bill to alleviate the coronavirus impact. Turkey rolled out more measures to cushion the blow to its economy, while data...
FxWirePro: USD/NOK eases on Norges bank's warning, likely to break below 10-DMA
Mar 25, 2020 11:22 am UTC| Technicals
The Norwegian Krone rallied, extending gains for the third straight session as Norges bank pledged to intervene in currency markets. Norways central bank sent a warning to markets, threatening to in intervene in...
FxWirePro: USD/DKK extends losses below 6.9000, good to sell on rallies
Mar 25, 2020 10:09 am UTC| Technicals
The Danish Krone rallied, extending gains for the fourth straight session, as the greenback declined against a basket of currencies. The dollar index eased as a deal to backstop the U.S. economy with a huge fiscal...
FxWirePro: US dollar index forms double top around 103, good to sell on rallies
Mar 25, 2020 09:10 am UTC| Technicals
Chart pattern- Double top DXY has formed double top around 103 and declined nearly on 200 pips The sentiment gets boosted as US senate agreed with White house on a $2tn corona package. This has decreased demand for...
FxWirePro: Silver enjoys roller coaster movement, U.S. durable goods order data in focus
Mar 25, 2020 08:58 am UTC| Technicals
XAG/USD is currently trading around $14.35 marks. It made intraday high at $14.72 and low at $14.19 levels. Intraday bias remains neutral for the moment. A daily close above $14.30 will test key resistances...
Mar 25, 2020 08:54 am UTC| Technicals
Ichimoku Analysis (4-Hour chart) Tenken-Sen- 129.42 Kijun-Sen- 128.02 GBPJPY continues to trade higher after showing a dip to 127.42. The pair hit a high of 131.93 yesterday and is currently trading...
FxWirePro: South African rand rises gradually against U.S. dollar, downside limited
Mar 25, 2020 08:32 am UTC| Technicals
USD/ZAR is currently trading around 17.34 levels. It made intraday high at 17.60 and low at 17.28 levels. Intraday bias remains bearish till the time pair holds key resistance at 17.50 mark. A daily close...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects