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Forex & Commodities Trading Levels to Watch on Friday

EUR/USD- Technical Levels Support Resistance  1.077 1.0813 1.0752 1.0839 1.0709 1.0882 Key Trading Level: 1.0796   USD/JPY- Technical Levels Support Resistance  111.53 112.41 110.99 112.76 110.11 113.65 Key Trading Level: 111.88   GBP/USD-Technical Levels Support Resistance  1.2844 1.2921 1.2808 1.2962 1.2731 1.3039 Key Trading Level:…
More Pressure For The Aussie On Risk Aversion

The shift in risk appetite overnight, caused by a jump in new CoVid-19 cases outside of China, piled more pressure on the beleaguered Aussie. Weak local data added to the downforce, pressing AUD/USD to the lowest levels in 11 years. Australia services PMI drops below…

Asia Finishes The Week With Sniffles

Wall Street showed the first glimpses of grudging acknowledgement that the coronavirus outbreak could see global growth lower for longer overnight. Stock markets retreated, US Treasury yields edged lower on haven flows, and the US dollar consolidated its gains. That sentiment appears to be flowing…

USD/JPY Rallies Above 112, Weekly Chart Signaling Crucial Bullish Break

Key Highlights USD/JPY rallied recently above the 111.00 and 112.00 resistance levels. A crucial bearish trend line was breached at 110.05 on the weekly chart. The US Initial Jobless Claims for the week ending Feb 15, 2020 increased from 206K to 210K. The US Manufacturing…

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