
US Oil recovers sharply on positive global cues, jump till $54 likely
Feb 19, 2020 10:39 am UTC| Technicals
US oil has shown a massive recovery yesterday after hitting a low of $50.85. The jump came after media reports that scientists are developing a vaccine for coronavirus. The commodity surged more than 3.5% and hits high...

FxWirePro: USD/DKK retreats from near 3-year peak, investors await Danish consumer confidence
Feb 19, 2020 10:28 am UTC| Technicals
The Danish Krone rebounded from a near 3-year trough as investors await Februarys consumer confidence data due tomorrow. Denmarks consumer confidence index increased to 4.5 in January 2020 from 1.4 in December...

FxWirePro: EUR/GBP hovers towards over 2-month trough, dip till 0.8275 likely
Feb 19, 2020 09:51 am UTC| Technicals
The euro eased, hovering towards an over 2-month low against the British pound after Britains new finance minister said he would deliver the budget as planned in three weeks However, conflicting views put forth by...

FxWirePro: CADJPY forms triple top around 83.10, any break above targets 84
Feb 19, 2020 09:22 am UTC| Technicals
Chart pattern- triple top Ichimoku Analysis (1-hour chart) Tenken-Sen- 83.05 Kijun-Sen- 82.94 CADJPY has broken major resistance 83.10 after a long consolidation. The jump was mainly due to weakness in yen...
FxWirePro: Aussie halts 4-day losing streak on upbeat wage data
Feb 19, 2020 09:09 am UTC| Technicals
The Australian dollar rebounded from a 1-week low hit in the previous session following the release of the upbeat wage price index. Data released earlier in the day showed Australias annual wage price index rose a...

FxWirePro: Silver hits fresh 3 – week high at $18.33 mark, U.S. PPI data in focus
Feb 19, 2020 08:26 am UTC| Technicals
XAG/USD is currently trading around $18.32 marks. It made intraday high at $18.33 and low at $18.15 levels. Intraday bias remains bullish till the time pair holds key support at $18.17 mark. A daily close...

FxWirePro: Buy USDJPY above 110.15
Feb 19, 2020 07:33 am UTC| Technicals
Ichimoku Analysis (4-hour chart) Tenken-Sen- 109.88 Kijun-Sen- 109.83 USDJPY is trading in a narrow range between 110.13 and 109.65 for the past 5 days. The increase in Safe-haven demand is putting...