Daily News | The Yen is dynamite | 27.02
Crypto remains in panic.
Bitcoin, Ethereum and Ripple have seen sharp losses.
Bitcoin and Ethereum have retreated from multi-month highs and are both entering trend-defining compression zones, in correlation to the coronavirus panic.
The Yen is dynamite.
The Japanese Yen has seen a 2.5% gain in the last 3 sessions.
The Japanese Yen soared 2.5% in three sessions as coronavirus woes plunged stock markets across the globe.
Even gold prices cannot contain the panic.
Gold prices slip despite the deepening state of panic in the markets.
Gold prices have slumped over 1% in spite of the deepening state of panic in the markets in which investors seem to prefer the Japanese Yen.
USD/JPY
USD/JPY has shown steady depreciation in recent sessions, falling 1.8%.
The Dollar-Yen pair has shown steady depreciation in recent sessions, falling 1.8%. The Williams Indicator shifted into oversold territory.
Gold
XAU/USD has fallen 1% in the last session.
The price of gold has fallen 1% in the last session. The ADX has shifted into the neutral area.
AUD/USD
AUD/USD has fallen 0.5% in the last two sessions.
The Aussie-Dollar pair has seen some downward movement, falling 0.5% in the last two sessions. The ROC transitioned sharply into negative territory.
GBP/USD
GBP/USD has gained 0.6% in the last session.
The Sterling-Dollar pair has performed a minor correction, gaining 0.6% in the last session. The RSI has transitioned into the positive zone.