Pound Falls Against the Dollar on US-Iran Tensions and Weak UK PMI

The  Sterling pound today fell against the  US dollar as  tensions between the  US and  Iran escalated overnight and  investors dumped riskier assets such as  the  pound. The  GBP/USD currency pair has given up most of  the  gains made in  December following Boris Johnson‘s landslide election win that saw the  pair spike to  multi-month highs. … “Pound Falls Against the Dollar on US-Iran Tensions and Weak UK PMI”

Read More

AUD/CAD Could Revisit the 0.9010 Area

The Australian dollar versus the Canadian dollar currency pair turned around from its initial path towards the 0.9300 level. Are the bulls only recharging or did they allow a bearish victory? Long-term perspective After printing the low of 0.8835, the price appreciated and exited from the descending channel, but it was limited by the resistance of 0.9093. The bullish attempts were put on hold every time, but the resulting depreciations were finding … “AUD/CAD Could Revisit the 0.9010 Area”

Read More

Chinese Yuan Mixed As PBoC Cuts Reserve Requirements to Boost Economy

The Chinese yuan is mixed on Thursday as the central bank announced that it is cutting amounts of deposits that commercial institutions are mandated to hold as reserves. This comes soon after new data found the nation’s manufacturing activity remained in expansionary territory, which is positive news for a nation that is trying to achieve better growth than what it has recorded over the last two years. On Wednesday, … “Chinese Yuan Mixed As PBoC Cuts Reserve Requirements to Boost Economy”

Read More

US 2020 Presidential Elections: Three scenarios for the dollar and stocks

US presidential race will loom over US-dollar and stock-market trading during the whole year. There are three main potential outcomes for USD and stock markets. Market sentiment will shift depending on who the Democrats elect to face Donald Trump in November’s election. Former VP Joe Biden and youngin Pete Buttigieg are seen as business-friendly candidates. Left-wingers Bernie Sanders … “US 2020 Presidential Elections: Three scenarios for the dollar and stocks”

Read More

Euro Falls Against the Strong Dollar Despite Upbeat Eurozone PMIs

The euro today fell against the US dollar on the first trading day of 2020 as the greenback started the year on a strong footing and rallied higher. The EUR/USD currency pair today fell from the multi-month highs hit on December 31st despite the release of mostly upbeat euro area PMI reports by Markit Economics. The  EUR/USD currency pair today fell from an  opening high of  1.1222 to  a  low of  1.1170 … “Euro Falls Against the Strong Dollar Despite Upbeat Eurozone PMIs”

Read More

Bulls on GBP/AUD Might Try to Recover 1.0953

The Great Britain pound versus the Australian dollar currency pair is in a spot that just might favor the bulls if they know how and when to act. Long-term perspective The ascending movement that started after the confirmation of 1.7634 as support crystallized the last peak at 1.9522. Being a brief development, it resulted in a false break of the 1.9470 resistance, which in turn was seen by the bears as their chance to drive the price lower. They … “Bulls on GBP/AUD Might Try to Recover 1.0953”

Read More