The Great Britain pound versus the US dollar currency pair, although it was indecisive, seems to be searching to channel its momentum towards a direction. Will this be the continuation of the appreciation? Long-term perspective After the rally from the 1.1409 low to the 1.2647 high, the price began shaping an ascending trend. The new trend performed very well in terms of facilitating the bulls in gaining ground. In fact, the bulls were determined enough so … “Bulls Might Try a New March Towards 1.3261 on GBP/USD”
Author: admin_mm
NZ Dollar Firm amid Positive Market Sentiment, Ignores Historic Drop of Retail Sales Values
The New Zealand dollar traded higher against the vast majority of most-traded currencies today, including other commodity currencies, which themselves were firm thanks to the positive market sentiment. Today’s macroeconomic data released in New Zealand was not very good but that did not prevent the kiwi from rising. Investors were in a positive mood after Financial Times reported that the US government wants to bypass … “NZ Dollar Firm amid Positive Market Sentiment, Ignores Historic Drop of Retail Sales Values”
USD/CNY Drops As PBoC Injects More Liquidity Into Economy
The Chinese yuan is enjoying another session of modest gains to start the trading week, with much of the strength coming at the expense of the US dollar. The yuanâs ascent on Monday is being driven primarily on the central bank injecting more liquidity into the financial system. Could the yuan test 6.8 next? The currencyâs performance may hinge on US-China trade talks as it will be quiet on the data front this week. On Monday, the Peopleâs … “USD/CNY Drops As PBoC Injects More Liquidity Into Economy”
Bears Joining Forces on AUD/USD from 0.7275 High?
The Australian versus the US dollar currency pair seems to be making appreciation attempts in vain, as each of them is immediately met by a decisive retracement. Long-term perspective The rally from the 0.5701 low manged to extend until the 0.7275 high. However, as can be seen on the chart, the latter part of the ascending trend is losing steam. This lack of bullish determination is pointed out by the behavior that came after the piercing of the important … “Bears Joining Forces on AUD/USD from 0.7275 High?”
USD/CHF Rises As SNB, Others Wind Down Dollar Liquidity Operations
The Swiss franc is rising to finish the trading week as the Swiss National Bank (SNB) announced that central banks are scaling back their US dollar liquidity operations. As foreign demand diminishes, central banks agreed that currency swap agreements were no longer necessary. Does this bode well for the greenback, or does it signal a decline ahead for the buck? According to the SNB and other major central banks, the Federal … “USD/CHF Rises As SNB, Others Wind Down Dollar Liquidity Operations”
Sterling Pound Crashes Against the Dollar as Risk Appetite Dissipates
The Sterling pound today crashed against the US dollar as investor sentiment turned decisively bearish favouring the safe-haven greenback, which rallied. The GBP/USD currency pair today fell despite the release of upbeat UK retail sales data earlier in the session as investors fled riskier assets, including equities. The GBP/USD currency pair today fell from a … “Sterling Pound Crashes Against the Dollar as Risk Appetite Dissipates”
USD/JPY Faced with the 107.00 Resistance
The US dollar versus the Japanese yen currency pair seems to be indecisive, but there are some signs that the bears could already be controlling the situation. Long-term perspective The drop from the 109.85 high managed to find temporary support at the 107.00 psychological level. However, the bears were able to resume the fall, driving the price until the 104.18 low. From 104.18, the bulls recovered in a very convincing way, being able … “USD/JPY Faced with the 107.00 Resistance”
Euro Seesaws Against the Dollar on Eurozone and US Macro Data
The euro today seesawed between losses and gains against the US dollar following yesterday’s massive drop after the release of the FOMC meeting minutes. The EUR/USD traded in a wide range today marked by declines and rallies as the single currency remained mainly at the greenback’s mercy after yesterday’s resurgence. The EUR/USD currency pair today … “Euro Seesaws Against the Dollar on Eurozone and US Macro Data”
US Dollar Rises As Weekly Jobless Claims Climb Back Above One Million
The US dollar is recording modest gains on Thursday after the number of Americans filing for first-time unemployment benefits moved back above the one million mark. The greenback is looking to advance for two consecutive sessions as the safe-haven currency has cratered 7% since May. Where is the buck headed, and are jobless claims on an upward trend? According to the Department of Labor, initial jobless claims came in at 1.106 million in the week ending August … “US Dollar Rises As Weekly Jobless Claims Climb Back Above One Million”
GBP/CAD Has Trouble Rising from 1.7285
The Great Britain pound versus the Canadian dollar currency pair seems to be having a hard time making new gains. Are the bears that determined? Long-term perspective The rally from the 1.6542 low got stopped in its tracks by the firm 1.7567 resistance level. As a result, the price began a depreciation phase, one that brought it at the 1.6724 support. From the 1.6769 low, the bulls started a rally that looked pretty promising. … “GBP/CAD Has Trouble Rising from 1.7285”