USD/JPY Might Correct Before Further Appreciation

The US dollar versus the Japanese yen currency pair is at a point in which it should draw a correction, otherwise it might be considered that it is overextending. Long-term perspective After falsely piercing the level of 105.55 and printing the 104.44 low, the price began an upwards pointing trend. But beginning with December 2019, the bulls were challenged, as the price began to have a hard time gaining any advancement. This … “USD/JPY Might Correct Before Further Appreciation”

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EUR/USD Pair Falls From Daily Highs on Upbeat US Retail Sales

The  euro today fell against the  US dollar in  the  American session following the  release of  upbeat US retail sales data. The EUR/USD currency pair fell from its daily highs giving up all the gains made earlier in the session as the Dollar Index soared. The  EUR/USD currency pair today fell from a  high of  1.1173 in  the  mid-European session to … “EUR/USD Pair Falls From Daily Highs on Upbeat US Retail Sales”

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Japanese Yen Weakens on Slide in Machine Tool Orders, Bump in PPI

The Japanese yen is weakening against most of its currency rivals on Thursday after a mix of economic data that highlighted both gains and weaknesses in the world’s third-largest economy. Is the federal government’s stimulus enough to prevent Tokyo from slipping into the long-awaited recession? According to the Japan Machine Tool Builders Association (JMTBA), machine tool orders plummeted 33.6% in December from the same time a year ago. This is a slight … “Japanese Yen Weakens on Slide in Machine Tool Orders, Bump in PPI”

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AUD/JPY Deciding at 76.02

The Australian dollar versus the Japanese yen currency pair is in a very interesting spot, one from where it could go either way and so establish the course for the long-term. Long-term perspective The ascending trend that started after the false piercing of the 71.09 support evolved in a very convincing manner, peaking at 76.54, just above the 76.02 level. The fact that the peak at 76.54 is part of a false break was, of course, welcomed … “AUD/JPY Deciding at 76.02”

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US Dollar Sinks As Phase One US-China Trade Deal Signed

The US dollar slumped midweek as the US and China officially signed the first phase of a comprehensive trade agreement. This comes as December inflation was subdued and business optimism fell short of analysts’ expectations. Still, the greenback is trading relatively higher against a basket of currencies this month. It took 18 months, but Washington and Beijing finally signed phase one of a trade deal. President Donald Trump hosted Vice Premier … “US Dollar Sinks As Phase One US-China Trade Deal Signed”

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Euro Rallies on Trade Deal Optimism and Hawkish ECB Strategic Review

The  euro today rallied higher against the  US dollar driven by  upbeat investor risk sentiment in  anticipation of  the  US-China phase one trade deal signing later today. The  EUR/USD currency pair’s rally was also spurred by  investor expectations that the  European Central Bank could turn hawkish in  the  medium-term after a  strategic review. The  EUR/USD … “Euro Rallies on Trade Deal Optimism and Hawkish ECB Strategic Review”

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Pound Falls on Disappointing UK Inflation Report and BoE Comments

The  sterling pound today fell to  new daily lows against the  US dollar following the  release of  disappointing UK inflation data in  the  early London session. The  GBP/USD currency pair’s decline was also fueled by  dovish comments from a  Bank of  England policymaker increasing the  likelihood of  future rate cuts. The GBP/USD currency pair today fell … “Pound Falls on Disappointing UK Inflation Report and BoE Comments”

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NZD/CAD Still Aiming for 0.8514

The New Zealand dollar versus the Canadian dollar currency pair is very consistent in its determination of reaching 0.8514 once more. Long-term perspective After confirming the weekly level of 0.8344 as support, the price headed for higher values. The first important level to be reached was the old weekly support of 0.8692. Even if the bears managed a departure on December 13, after piercing the level, the bulls acted quickly and, by closing the day … “NZD/CAD Still Aiming for 0.8514”

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Euro Falls on Trade Headlines and US CPI Amid Empty European Dockets

The  euro today fell against the  US dollar driven by  a  lack of  macro releases from across the  euro area and  the  resurgent greenback. The  EUR/USD currency pair later rallied from its daily lows despite the  release of  mostly in-line US inflation data in  the  American session. The  EUR/USD currency pair today fell from a … “Euro Falls on Trade Headlines and US CPI Amid Empty European Dockets”

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Chinese Yuan Weakens Despite Exports Beating Market Forecasts

The  Chinese yuan is falling against several major currency competitors on  Tuesday, despite positive trade data that suggest the  US-China trade dispute winding down is proving already to  be bullish for  Beijing. The  December numbers are beginning to  roll in, and  so far, it is good news for  the  world’s second-largest economy. According to  the … “Chinese Yuan Weakens Despite Exports Beating Market Forecasts”

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