Donald Trump inherited a long-running improving labor market and had no impact on its trajectory. The president’s tax cuts provided an insubstantial increase in GDP and did not garner public support. Escaping leadership in the coronavirus crisis is on course to cause a deep recession. The only edge is eroding away – President Donald Trump … “2020 Presidential Elections: Trump is losing his economic edge, for three robust reasons”
Author: admin_mm
First Stop for the Bulls at 1.2777 on GBP/USD?
The Great Britain pound versus the US dollar managed to confirm 1.2514 as support and start a departure from it. Is 1.2777 a possible turning point? Long-term perspective The rally that started from the 1.1409 low — even if hampered by the firm 1.2514 area — managed to continue, taking the shape of an ascending trend, as highlighted in the chart. The fact that the bulls managed to overcome the 1.2514 resistance twice — firstly after the appreciation that confirmed the 1.2092 … “First Stop for the Bulls at 1.2777 on GBP/USD?”
EU Deal Analysis: EUR/USD buy opportunity? Why the move is historic and should keep the euro bid
EU leaders agreed on a €750 billion recovery fund a seven-year budget. The issue is now settled and should provide confidence for investors. Unprecedented grants open door to similar such move in future. EUR/USD has more room to continue its upward march. Buy the rumor, sell the fact? – That is the short-term reaction to … “EU Deal Analysis: EUR/USD buy opportunity? Why the move is historic and should keep the euro bid”
Sterling Rallies Despite the UKâs Deteriorating Relations With China
The Sterling pound today rallied higher against the much weaker US dollar after finding support at a critical support level that has held for the past two weeks. The GBP/USD currency pair seemed immune to the rising political tensions between the UK and China regarding the Hong Kong extradition treaty. The GBP/USD currency pair today … “Sterling Rallies Despite the UKâs Deteriorating Relations With China”
Euro Holds Steady As EU Leaders Engage in âMission Impossibleâ Talks
The euro is trading at its best level against the US dollar since March as European Union (EU) leaders confirm they have made progress on stimulus and debt talks. The currency had been mainly unaffected by the central bank leaving interest rates and its quantitative easing efforts unchanged, but the fiscal policy could drive the euro for the remainder of the month. EU leaders have been holding a marathon meeting to iron out … “Euro Holds Steady As EU Leaders Engage in âMission Impossibleâ Talks”
Bulls Pushing the 0.7010 Resistance on AUD/USD
The Australian versus the US dollar currency pair seems to be determined to push higher. Is this a bullish sign, or its the bears preparing a good spot from where to start a new downwards leg? Long-term perspective The rally that started from the 0.5701 low extended to as high as 0.7064. From there, given the fact that the bears were delighted to see the previous high of 0.7019 revisited, it retraced under the intermediary level … “Bulls Pushing the 0.7010 Resistance on AUD/USD”
USD/JPY: Will gloom guide it lower? Geopolitics, jobless claims, coronavirus all eyed
USD/JPY has been torn between hopes and concerns related to the virus. US jobless claims, COVID-19 statistics, and Sino-American tensions will likely set the tone. Mid-July’s chart is painting a balanced picture with clear battle lines. The FX Poll a lower target in the long term ahead of sideways movements beforehand. Coronavirus vaccine hopes and mostly … “USD/JPY: Will gloom guide it lower? Geopolitics, jobless claims, coronavirus all eyed”
GBP/USD: Exposed? Failure to rise on robust data, strong resistance, point to falls
GBP/USD has been unable to rise despite mostly upbeat data from both sides of the Atlantic. UK retail sales, US jobless claims, and coronavirus figures are now eyed. Mid-July’s daily chart is showing that the pair is nearing downtrend resistance. The FX Poll is pointing to short-term gains before a downturn and then some stabilization in … “GBP/USD: Exposed? Failure to rise on robust data, strong resistance, point to falls”
USD/CHF Continues Slide Below 0.94 As SNB Defends Franc Interventions
The Swiss franc continues to strengthen against its most traded currency competitors to close out the trading week as the US Dollar Index slipped to a one-month low. The franc has been making gains on growing confidence in global financial markets, coronavirus vaccine hopes, and a weakening greenback. The franc is strengthening despite the central bank continuing to defend its currency interventions. Swiss National Bank (SNB) head Thomas Jordan recently delivered … “USD/CHF Continues Slide Below 0.94 As SNB Defends Franc Interventions”
Sterling Falls on Rising COVID-19 Cases as Johnson Reopens UK Economy
The Sterling pound today failed to capitalise on the dollar’s overall weakness like other major currencies amid rising coronavirus cases in the UK that scared investors. The GBP/USD currency pair fell for half of today’s session before recovering during the American market on mixed US housing data to trade flat for the day. The GBP/USD … “Sterling Falls on Rising COVID-19 Cases as Johnson Reopens UK Economy”