The US dollar is rallying against several major currency rivals at the end of the trading week, driven by the financial market turmoil that has spurred safe-haven demand for the greenback. While the global coronavirus outbreak has dominated the business headlines, positive economic data is adding to the buckâs gains on Friday. In January, personal income rose 0.6%, up from the 0.1% gain in December. Personal spending slipped 0.2% last month, down … “US Dollar Rallies As Market Turmoil Spurs Safe-Haven Demand”
Month: February 2020
Canadian Dollar Falls on Weak Oil Prices, Spikes On In-Line GDP Data
The Canadian dollar today extended its losses against the US dollar for the third consecutive day as global crude oil prices fell to lows last seen in December 2018. The Commodity-linked loonie’s performance was boosted slightly by the Canadian GDP data, but the risk-off market sentiment created by the Chinese coronavirus headlines hindered its rally. … “Canadian Dollar Falls on Weak Oil Prices, Spikes On In-Line GDP Data”
Strong Correction on USD/JPY from 112.25
The US dollar versus the Japanese yen currency pair retraced drastically. Are the bulls in danger in the long term? Long-term perspective After printing the low of 104.44, the price went above the 105.55 support level and from there all the way to the 110.29 resistance. But before reaching 110.29, the bulls were challenged, as the bears tried to establish the price under the 108.13 level. Their victory is marked by the low of 107.65. Joining the two aforementioned … “Strong Correction on USD/JPY from 112.25”
Euro Hits 3-Month High as Dollar Crumbles on Coronavirus Fears
The euro today to new highs as the dollar crumbled in the face of mounting coronavirus fears amid and falling US Treasury yields dampened demand for the greenback. The EUR/USD currency pair today rallied above the crucial 1.10 level as investors flocked to the single currency boosted by positive euro area fundamental releases. The EUR/USD … “Euro Hits 3-Month High as Dollar Crumbles on Coronavirus Fears”
US Dollar Mixed As Economy Grew 2.1% in Q4, Coronavirus Threatens Q1
The US dollar is mixed on Thursday as the economy grew at a modest clip in the fourth quarter and traders are fleeing to safe-haven assets amid market turmoil. But investors are concerned that the coronavirus could significantly impact first-quarter gross domestic product (GDP), and do a lot more damage to the worldâs largest economy. According to the Bureau of Economic Analysis (BEA), the US economy rose 2.1% during the October-to-December period, matching forecasts among … “US Dollar Mixed As Economy Grew 2.1% in Q4, Coronavirus Threatens Q1”
New Zealand Dollar Mixed amid Negative Sentiment, Conflicting Economic Reports
The New Zealand dollar was mixed today, managing to gain on some major currencies, even as the market sentiment remained unfavorable to riskier currencies linked to commodities. Domestic macroeconomic data was not helpful, failing to provide a clear picture of New Zealand’s economy. One of the reports released over Thursday’s session beat expectations while the other one was not good. Statistics New Zealand reported that the trade balance turned … “New Zealand Dollar Mixed amid Negative Sentiment, Conflicting Economic Reports”
Lift-Off on NZD/CAD from 0.8344: Go or No Go?
The New Zealand dollar versus the Canadian dollar currency pair is revisiting a very important support area. Will the bears succeed this time? Long-term perspective After it peaked at 0.8799, the price went beneath the old weekly support of 0.8692, thus giving a sign that the bulls overextended and that it’s the bears’ turn to ride the market. And a bearish profile indeed came into being, as the price dropped, reaching the 0.8351 low, … “Lift-Off on NZD/CAD from 0.8344: Go or No Go?”
Euro Whipsaws on Conflicting German Headlines and Coronavirus
The euro today traded haphazardly against the US dollar oscillating between gains and losses as investors reacted to conflicting news reports about Germany’s fiscal policies. The EUR/USD currency pair rallied briefly then fell and later inched higher as the single currency failed to post sustained gains against the weak greenback. The EUR/USD currency pair today spiked to a high of 1.0908 in the mid-European session before dropping to a low of 1.0855 and had recovered most … “Euro Whipsaws on Conflicting German Headlines and Coronavirus”
Chinese Yuan Mixed on Q2 Growth Prospects, Expected Stimulus
The Chinese yuan is mixed against multiple currency competitors midweek as global financial markets contend with the coronavirus that appears to be worsening worldwide. Despite the potentially damaging economic fallout, some Wall Street titans anticipate Beijing will recover in the second quarter, which might happen as the country employs various fiscal and monetary stimulus measures. Speaking in an interview with CNBC on Tuesday, JPMorgan Chaseâs global economist, Joseph … “Chinese Yuan Mixed on Q2 Growth Prospects, Expected Stimulus”
Guide About eToro Australia
Guide About eToro Australia Regulations: ASIC, CySEC and FCA Platforms: Online WebTrader & Mobile Trading App Leverage: 1:500 Minimum Deposit: $50 Can you deposit in AUD? Yes Headquarters: Israel and an Australian office based in Sydney Support: 24/5 LiveChat, plus the Help Center is available 24/7 Instruments Available: Indices, Forex, Commodities, Crypto, Stocks, Options Millions … “Guide About eToro Australia”