After such a strong appreciation, the price should correct as a consequence of profit booking. Which are the possibilities that follow? Long-term perspective After it bottomed at the 0.6700 area, the price began an appreciation phase that let very little room for the bears to prove themselves. As pointed out by the price labels, the market printed more and more higher lows and higher highs, respectively, a clear characteristic of bullish dominance. The bears had one last … “AUD/USD Could Extend Until 0.7055”
Author: admin_mm
EUR/USD: Difficult To Edge Firmly Below 1.10; Looking For A Gradual Rise Through 1.15 In 2020 – Danske
EUR/USD has had a stubborn 2019. Where will it go in 2020? Here is their view, courtesy of eFXdata: Danske Research discusses its EUR/USD outlook and adopts a constructive bias over the coming year. “Risks are broadly skewed on the downside for USD, as risk sentiment stays supported by a lenient Fed amid a brightening cyclical … “EUR/USD: Difficult To Edge Firmly Below 1.10; Looking For A Gradual Rise Through 1.15 In 2020 – Danske”
Chinese Yuan Mixed As Industrial Profits Rebound
The Chinese yuan is mixed at the end of the trading week as final data of 2019 and outlook for 2020 drive the currencyâs trading performance. With industrial profits rebounding in November, analysts are holding out hope that next year could be an improvement now that there is some certainty on the trade file. According to the National Bureau of Statistics (NBS), the largest industrial companies saw their profits tumble by 2.1% in the first 11 … “Chinese Yuan Mixed As Industrial Profits Rebound”
Japanese Yen Stuck Trading Sideways Against the Weak US Dollar
The Japanese yen today traded in a tight range against the US dollar despite the greenback’s overall weakness against other major currencies. The USD/JPY traded sideways even as the Nikkei 225 equity index closed lower for the day despite the risk-on market sentiment. The USD/JPY currency pair today traded between a high of 109.55 and a low of … “Japanese Yen Stuck Trading Sideways Against the Weak US Dollar”
Pound Hits 7-Day High on Santa Claus Rally and USD Weakness
The Sterling pound today rallied against the US dollar as the Santa Claus rally kicked into full effect in the absence of any significant fundamental releases. The GBP/USD rallied to new 7-day highs as the greenback fell against most of its peers as investor risk appetite soared. The GBP/USD currency pair today rallied from an Asian session low of 1.2968 to a high of … “Pound Hits 7-Day High on Santa Claus Rally and USD Weakness”
Will NZD/CAD Correct on Its Way to 0.8915?
The New Zealand dollar versus the Canadian dollar currency pair managed to conquer the 0.8692 level. The continuation towards 0.8915 might come after a corrective phase. Long-term perspective The low at 0.8236 started an ascending movement that did not allow any bearish victory. In its ascension, the price won important levels, the last one being 0.8692, an old but important weekly support. The current swing, which started at 0.8614, took … “Will NZD/CAD Correct on Its Way to 0.8915?”
G10: Macro Story Looks Good In AUD, CAD, NZD And Poor In SEK, JPY, CHF – TD
2019 draws to a close and 2020 is about to begin. Where next for currencies? Here is their view, courtesy of eFXdata: TD Research discusses G10 outlook from a macro perspective over the coming year. TD maintains a long AUD/NZD* position targeting a move towards 1.14 in 2020. “A less synchronized slowdown could reinforce broader … “G10: Macro Story Looks Good In AUD, CAD, NZD And Poor In SEK, JPY, CHF – TD”
AUD/JPY Taking Decisions at 76.02
The Australian dollar versus the Japanese yen currency pair seems determined to challenge the 76.02 resistance. Will it make it? Long-term perspective The price is contained within the ascending trend that started after the confirmation of 71.09 as support, and there are reasons for the bulls to have no worries with regards to a possible change. The reasons for such an expectation are sustained by the very structure that the bulls beat into shape. For a first instance, … “AUD/JPY Taking Decisions at 76.02”
Interview with Magrietha Stanford on Brokers and The Future of Varalen Trading Corp.
Interview with Magrietha Stanford on Brokers and The Future of Varalen Trading Corp. Magrietha Stanford, Managing Director of Varalen Trading Corp, spoke with our editor about the current situation in the field of software development and what sentiments are prevailing on the Forex market, including her view on its development prospects. Do you think that … “Interview with Magrietha Stanford on Brokers and The Future of Varalen Trading Corp.”
The Secret Online Brokers Don’t Want You to Know
The Secret Online Brokers Don’t Want You to Know If you were to do an Internet search for “online brokers”, you’d come back with somewhere north of 31 million results. There’s not quite that many online brokerage firms, but there are certain a lot of them to choose from. And there is one secret thing … “The Secret Online Brokers Don’t Want You to Know”