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?”
Author: admin_mm
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”
AUD/JPY Facing a Decision at 72.50
The Australian Dollar versus the Japanese yen currency pair is in a spot that may very well facilitate both a rally or a fall. But which one has more chances of becoming a reality? Long-term perspective The ascending trend that started after the confirmation of 71.09 as support peaked at 76.54 and looks as if it ended after the price slipped under an important support that later became resistance, 73.93, respectively. What is … “AUD/JPY Facing a Decision at 72.50”
Pound Rallies on US Dollar Weakness and Coronavirus Headlines
The Sterling pound today rallied against the US dollar in a turn of events that saw the dollar lose ground against most of its peers. The GBP/USD rallied above the crucial 1.30 level as demand for the greenback weakened despite new coronavirus infections. The GBP/USD currency pair today rallied from an opening low of 1.2914 … “Pound Rallies on US Dollar Weakness and Coronavirus Headlines”
Mexican Peso Drops As Economy Shrinks in 2019
The Mexican peso is trading relatively flat against several major currency competitors on Tuesday. With the latest economic data coming in mixed, the public and investors may be becoming increasingly impatient with President Andres Manuel Lopez Obradorâs policies. A cyber attack on the nationâs economy ministry did not help spur confidence in AMLOâs government either. In the fourth quarter, the final gross domestic product (GDP) growth rate reading … “Mexican Peso Drops As Economy Shrinks in 2019”
Euro Soft amid Raging Coronavirus Fear
The euro declined today against other most-traded currencies as markets remained in the grip of coronavirus epidemic fear, which made traders less willing to risk and prefer safer currencies to riskier ones. Germany released a report on its economic growth during today’s session but markets largely ignored it. Destatis, the German Federal Statistical Office, reported that gross domestic product was unchanged in the fourth quarter of 2019 from the previous … “Euro Soft amid Raging Coronavirus Fear”
Japanese Yen Continues to Profit from Coronavirus Fear
The Japanese yen gained against most of the other currencies today as coronavirus fears continued to drive investors to safer assets. The yen, being one of such assets, profited immensely from the demand for safety. Japan’s macroeconomic data released today was good but had a limited impact on the currency. The deadly COVID-19 disease continued to spread around the globe, with the total number of cases exceeding 80,000. The death toll continued to rise in China, … “Japanese Yen Continues to Profit from Coronavirus Fear”
Bulls Back in Business on GBP/CAD?
The Great Britain pound versus the Canadian dollar currency pair made a twist. Long-term perspective The head and shoulders pattern seems to have been invalidated, as the price went back above the neck-line of the chart pattern, 1.7160, respectively. The most probable culprit is the support trendline o what becomes a well-formed symmetrical triangle. On February 20, the price stopped exactly in this trendline. The confirmation that followed caused a strong rise, the price piercing … “Bulls Back in Business on GBP/CAD?”