Author: admin_mm

The United States dollar versus the Japanese yen currency pair, at first glance, seems to be in bullish hands. But is it so? Long-term perspective The fall that started from the 109.85 high extended, in a primary phase, until the 106.57 firm level, being rejected by its supportive role. However, the bears continued pressuring the price, thus drawing another leg down and etching the 106.07 low. Since 106.07 is very … “Inverted Head and Shoulders on USD/JPY from 108.05?”

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The Indian rupee is settling at its best level against the US dollar in three months as foreign inflows and vaccine hopes elevated the currency. The rupee has been Asia’s worst-performing currency this year, driven primarily by the coronavirus pandemic and volatility in global financial markets. Could analysts’ forecasts of further appreciation in the second half of 2020 come true? Because the US and other major stock markets have relatively stabilized in recent weeks, … “Indian Rupee Settles at Three-Month High on Foreign Inflows, Vaccine Hopes”

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The  US dollar is stalling against many of  its G10 currency rivals on  Thursday after a  strong and  better-than-expected June jobs report. The  stellar labor reading sparked a  rally in  the  stock market, raising the  risk tolerance of  traders in  equities. After the  last couple of  weeks of  investors being spooked by  a  resurgence in … “US Dollar Stalls As Economy Creates 4.8 Million Jobs in June, Factory Orders Surge”

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The Great Britain pound versus the Canadian dollar currency pair seems not to be willing to go beneath 1.6724. Can the bulls put the double bottom formation to their use? Long-term perspective The depreciation that started after the third unsuccessful bullish attempt to go beyond the firm 1.7567 resistance level back in May extended a hair away from the solid support of 1.6724. To be more exact, the 1.6800 psychological level — not … “Bulls on GBP/CAD Trying Their Best from 1.6800”

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