The Japanese yen is trading mixed against its most-traded currency rivals as the central bank is sounding the alarm on risks to financial stability in the wake of the coronavirus. This comes as the federal government has unleashed a massive stimulus package that extends a lifeline to consumers and the private sector, which is expected to weigh on Tokyoâs budget. With the country under a state of emergency and policymakers trying everything to stave off a recession, what else could … “Japanese Yen Mixed As BoJ Warns of Risks to Financial Stability”
Author: admin_mm
Bears at Their Posts on GBP/CAD from 1.7499
The Great Britain pound versus the Canadian dollar currency pair looks like it is not able to stay above the 1.7499 level. Long-term perspective After confirming the major area of 1.6620, the price appreciated until the important resistance area of 1.7811. On its way, it validated the zone defined by the level of 1.7160, the descending trendline, and the ascending trendline, respectively, as a triple support. However, this was not enough for the buyers, which, after … “Bears at Their Posts on GBP/CAD from 1.7499”
Aussie Climbs After Jump in Retail Sales, Struggles to Maintain Gains
The Australian dollar rallied today, though currently, it has trimmed its gains. While the rally happened after a surprisingly positive retail sales report came out, the currency did not rally immediately following the release, therefore it cannot be said with certainty that the report directly contributed to the strength of the Aussie. Whatever the case may be, the Australian currency will have a hard time maintaining gains as the market … “Aussie Climbs After Jump in Retail Sales, Struggles to Maintain Gains”
Pound Falls on Bearish Sentiment as UK to Test COVID-19 Vaccine
The Sterling pound today fell against the US dollar as investor sentiment remained decidedly bearish amid news that the UK was developing a COVID-19 vaccine. The GBP/USD currency pair fell despite the release of upbeat UK jobs data as investor risk appetite evaporated pushing the pair lower into negative territory. The GBP/USD currency pair today … “Pound Falls on Bearish Sentiment as UK to Test COVID-19 Vaccine”
Mexican Peso Falls 1% on Surprise Interest Rate Cut, Bearish Outlook
The Mexican peso is falling against the US dollar and other G10 currency competitors on Tuesday after the central bank surprised financial markets and cut interest rates. The peso weakened even further as officials are sounding the alarm about a significant crash in Latin Americaâs second-largest economy. On Tuesday, Banxico slashed the overnight rate by 50 basis points to 6% in response to a widely anticipated recession this year. This is the third rate … “Mexican Peso Falls 1% on Surprise Interest Rate Cut, Bearish Outlook”
South Korean Won Weakens on Kim Jong-un âGrave Dangerâ Reports
The South Korean won has been weakening against multiple currency rivals since it was first reported that North Korean Supreme Leader Kim Jong-unâs health is in âgrave danger.â The won has slightly recovered, but investors appear to be waiting for confirmation that the dictator is in good shape. Since rising to power, Kim has been engaging with South Korea, and analysts fear that relations … “South Korean Won Weakens on Kim Jong-un âGrave Dangerâ Reports”
EUR/USD not that far if EU leaders cannot agree on coronabonds
The coronavirus crisis is taking a human and economic toll on Europe. Germany is trying to fend off demands for mutual debt, which threatens the integrity. The worsening political situation may weigh on EUR/USD, potentially sending it to parity. Over 50% of the global death toll from coronavirus is concentrated in Italy, Spain, and France … “EUR/USD not that far if EU leaders cannot agree on coronabonds”
GBP/USD End of the Boris bounce? Scary scenarios and hard data eyed
GBP/USD has attempted a rise as amid the PM’s discharge and worrying forecasts. Hard data for March and PMIs for April will likely set the tone. Mid-April’s daily chart is painting a mixed picture. The FX Poll is showing a bearish trend. Pound/dollar has hit the highest in a month amid Prime Minister Boris Johnson’s discharge … “GBP/USD End of the Boris bounce? Scary scenarios and hard data eyed”
EUR/USD: Stubborn COVID figures, lack of coronabonds, depressing data all point down
EUR/USD has been on the back foot as the market mood soured around coronavirus. COVID-19 statistics, potential easing of lockdowns, and PMIs are among the market-moving events. Mid-April’s daily chart is showing a narrowing triangle. The FX Poll is showing a bearish trend in the short and medium terms and a rise later on. Is … “EUR/USD: Stubborn COVID figures, lack of coronabonds, depressing data all point down”
Scandinavian Capital Markets launches Scand.Ex – Traders Portal for Professional Traders
Scand.Ex (Scandinavian Exchange) – interactive portal empowered by Scandinavian Capital Markets and made by professional traders for traders. It is a place for traders to exchange quality news, valuable knowledge and real experience. Empowered by trusted professionals. STOCKHOLM, April 20, 2020 Monday Scandinavian Capital Markets marked the launch of its flagship Trader’s Portal, Scand.Ex – … “Scandinavian Capital Markets launches Scand.Ex – Traders Portal for Professional Traders”