The Great Britain pound versus the US dollar currency pair, after the last drop, seems to be governed by the bears. Can the bulls turn the situation in their favor? Long-term perspective The rally that started after the validation of 1.1476 as support began an ascending trend that extended a hair away from 1.3502. Prior to the last upwards leg, the currency pair found itself above the 1.3000 intermediary level (which happens to be a psychological … “Next Target on GBP/USD: 1.2514?”
US Dollar Spikes As Investors Flee Market Selloff, Seek Safe-Haven Shelter
The US dollar is rallying against most of its currency competitors to kick off the trading week. The greenback, which has cratered about 10% since peaking at 103.00, is extending its gains in September as investors flee the broader financial market selloff and seek shelter in a traditional safe-haven asset. The rising number of new COVID-19 infections has eaten away at risk appetite. With the upcoming cold and flu season on the horizon, many … “US Dollar Spikes As Investors Flee Market Selloff, Seek Safe-Haven Shelter”
AUD/USD Challenged by the 0.7320 Resistance Area
The Australian versus the US dollar currency pair wants to continue the appreciation, but it seems to be limited by the 0.7320 resistance. Is this the end of the road for the bulls? Long-term perspective The rally that came about after the strong retracement from the 0.5701 low, which validated the 0.5516 support, started an ascending movement that extended until the .07413 high. The high is part of what appears to be a false piercing of the 0.7320 firm … “AUD/USD Challenged by the 0.7320 Resistance Area”
US Dollar Ends Confusing Week Mixed
The past trading week was rather confusing, with many currencies moving in unexpected directions. For example, the Japanese yen and the Swiss franc are both considered to be safe currencies and thus usually move in the same direction. But this week, the Japanese yen ended trading as the strongest currency on the Forex market, while the Swiss franc was the weakest one. The US dollar was not an exception, moving unpredictably after the FOMC monetary … “US Dollar Ends Confusing Week Mixed”
Turkish Lira Falls to a New Record Low Amid Emerging Market Selloff
The Turkish lira plunged to a new record low against the US dollar to finish the trading week, adding to its year-to-date plunge to 28%. The lira joined the broader emerging market currency selloff as the Federal Reserveâs downbeat assessment of the worldâs largest economy sent investors into safer assets. Could the lira next test 8.0 against the buck? On Thursday, state-owned financial institutions sold approximately $500 million in global foreign exchange markets … “Turkish Lira Falls to a New Record Low Amid Emerging Market Selloff”
Euro Falls Against US Dollar, Later Recovers to Trade Sideways
The euro today fell against the dollar before recovering to trade sideways boosted by upbeat data from across the euro area and positive market sentiment. The EUR/USD currency pair today fell to its daily lows after the release of upbeat US consumer sentiment data but recovered quickly as investor risk appetite remained elevated. The EUR/USD … “Euro Falls Against US Dollar, Later Recovers to Trade Sideways”
Canadian Dollar Soft After Retail Sales Miss Expectations
The Canadian dollar was soft today, falling against other most-traded currencies, after domestic retail sales data disappointed traders. The losses were limited against most of the rivals, though, with the exception of the Japanese yen and the New Zealand dollar — the two strongest currencies on the Forex market during Friday’s trading. Statistics Canada reported that retail sales rose by 0.6% in July, missing the consensus forecast of a 0.8% increase. It was … “Canadian Dollar Soft After Retail Sales Miss Expectations”
GBP/USD: Boris’ Brexit climbdown insufficient to keep pound afloat
GBP/USD advanced on hopes for a Brexit compromise but suffered from the Fed. A critical vote in parliament, UK PMIs, and US figures are eyed. Late September’s daily chart is painting a mixed picture. The FX Poll is pointing to a bullish outlook in the short and medium terms before a fall later. Boris gave, … “GBP/USD: Boris’ Brexit climbdown insufficient to keep pound afloat”
Australian Dollar Stable, Falls vs. Japanese Yen & NZ Dollar
The Australian dollar was stable today, staying flat against most other currencies, though fell versus the Japanese yen, which managed to recover from the earlier losses to trade as one of the strongest currencies on the Forex market on Friday. The Aussie fell against the New Zealand dollar too as it was also among the strongest, rising to the highest level in a year and a half. Market analysts speculated that one of the factors supporting the Aussie as well … “Australian Dollar Stable, Falls vs. Japanese Yen & NZ Dollar”
Pound Rallies on Brexit Deal Hopes and Upbeat UK Retail Sales
The Sterling pound today fell then rallied against the US dollar to trade at breakeven amid investor optimism that the EU and UK could sign a post-Brexit deal soon. The GBP/USD currency pair today attempted to extend its 4-day rally boosted by the upbeat UK retail sales data and the positive investor sentiment that favoured … “Pound Rallies on Brexit Deal Hopes and Upbeat UK Retail Sales”