The Great Britain pound versus the Canadian dollar currency pair had not yet started the journey towards 1.7811. Is the price just gathering more energy for a new leap or is it just that there isn’t enough bullish optimism left? Long-term perspective After confirming 1.5936 as support, the price began an appreciation that extended until 1.7811. But touching that level was followed by a strong drop, one … “Is GBP/CAD Sill Aiming for 1.7811?”
Author: admin_mm
Euro Falls to 3-Week Lows Against the Dollar Despite US Holiday
The euro today fell to new 3-week lows against the US dollar even though US markets were closed for the Martin Luther King Jr. holiday. The EUR/USD currency pair attempted to rally but failed to sustain its gains as the European session got underway. The EUR/USD currency pair today fell from a high of 1.1103 in the early European session to a low of 1.1076 … “Euro Falls to 3-Week Lows Against the Dollar Despite US Holiday”
Swiss Franc Rises to Three-Year High After Addition to US Trade Watch List
The Swiss franc is continuing its streak of gains on Monday, despite recent allegations that Switzerland is manipulating its currency. The franc is also finding direction on the latest trade prices, which have fallen over the last 12 months as Switzerland suffers from global trade uncertainty. Will the franc remain a safe-haven currency moving forward? In its semi-annual report, the Treasury Department added Switzerland to its list of countries … “Swiss Franc Rises to Three-Year High After Addition to US Trade Watch List”
Head and Shoulders Almost Complete on AUD/USD
The Australian dollar versus the US dollar currency pair seems to be pursuing lower prices. The only possible barrier is 0.6850. Will this level be able to stop the depreciation? Long-term perspective After it bottomed at 0.6670 and confirmed the psychological level of 0.6700 as support, the price began an appreciation that slowly but steadily gain traction. Thus, the bulls were able to print new higher highs, conquer 0.6850, and pierce … “Head and Shoulders Almost Complete on AUD/USD”
Chinese Yuan Strengthens As Q4 GDP Beats Estimates
The Chinese yuan is strengthening against most major currency rivals to close out the trading week, driven by a better-than-expected reading of the worldâs second-largest economy in the fourth quarter. But the various economic reports on Friday highlighted across-the-board improvements, which could signal that Beijing may be on track for a rebound in 2020, especially with the US and China declaring a trade truce. According to the National Bureau of Statistics, the Chinese economy expanded at a 27-year-low of 6% … “Chinese Yuan Strengthens As Q4 GDP Beats Estimates”
NZ Dollar Unable to Keep Gains Caused by Chinese Economic Reports
The New Zealand dollar rallied intraday despite underwhelming domestic macroeconomic data. One of the possible reasons for the rally was macroeconomic data in China, which showed that the economic growth of the Asian nation stabilized in the last quarter of 2019. Currently, though, the New Zealand currency has lost its gains versus most rivals, except for European majors. The kiwi was trading about flat against the euro and the Great Britain pound. The National … “NZ Dollar Unable to Keep Gains Caused by Chinese Economic Reports”
USD/JPY is set to rock on Japanese events for a change
USD/JPY’s has cautiously advanced above 110 amid trade headlines. The BOJ’s rate decision, US housing, and PMIs are set to move markets. Mid-January’s chart is painting a bullish picture. The FX Poll is pointing to falls in the medium and long terms. A good deal or only a prolonged trade truce? Investors are still trying … “USD/JPY is set to rock on Japanese events for a change”
GBP/USD awaits last data points for the BOE’s upcoming rate cut
GBP/USD has suffered from weak UK data but benefited from the US-Sino deal. The UK jobs report and forward-looking PMIs are critical to the next moves of the BOE and the pound. Early January’s daily chart is painting a bullish picture. The FX Poll is pointing to higher levels for pound/dollar. Almost everything is pointing to … “GBP/USD awaits last data points for the BOE’s upcoming rate cut”
Pound Crashes on Weak UK Retail Sales Report and US-Iran Tensions
The Sterling pound today crashed against the US dollar in the early London session following the release of the disappointing latest UK retail sales report. The GBP/USD currency pair had been trading higher before the release boosted by upbeat investor sentiment before nosediving to its daily lows after the announcement. The GBP/USD currency pair today … “Pound Crashes on Weak UK Retail Sales Report and US-Iran Tensions”
USD/JPY Might Correct Before Further Appreciation
The US dollar versus the Japanese yen currency pair is at a point in which it should draw a correction, otherwise it might be considered that it is overextending. Long-term perspective After falsely piercing the level of 105.55 and printing the 104.44 low, the price began an upwards pointing trend. But beginning with December 2019, the bulls were challenged, as the price began to have a hard time gaining any advancement. This … “USD/JPY Might Correct Before Further Appreciation”