Day: April 12, 2019

April 12
2019

Euro Trades Near 3-Week Highs Driven by Risk Sentiment, Later Drops

The euro today rallied almost to 3-week highs against the US dollar in move that is likely to see it post its first weekly gain following three consecutive weekly drops. The EUR/USD currency pair today rallied higher driven by a shift in investor risk appetite, which saw markets bid up riskier assets such as stocks, while fleeing safe haven assets. The EUR/USD currency pair today rallied […]

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April 12
2019

Japanese Yen Weakens As Tokyo Braces for US Trade Fight

The Japanese yen is weakening against several major currency rivals at the end of the trading week. With a potential US-Japan trade war on the horizon, investors are frightened that anticipations of shrinking exports could lead to an economic contraction for the world’s third-largest economy. Can Tokyo turn things around before trade talks with Washington begin? According to a new Reuters poll, Japanese exports are expected to have tumbled 2.7% in March, […]

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April 12
2019

EUR/USD Retreats, Erasing Earlier Rally

EUR/USD rallied intraday but failed to keep gains and is now trading slightly below the opening level. The worse-than-expected US consumer sentiment did not stop the decline. US import and export prices rose in March. Import prices rose 0.6% following the revised 1.0% increase in February (0.6% before the revision). Analysts had predicted a smaller increase by 0.4%. Export prices rose by 0.7% for the second consecutive month. (Event A on the chart.) […]

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April 12
2019

NZ Dollar Mixed, Economic Data Gives No Direction

The New Zealand dollar was mixed today, rising against some rivals, falling versus others, and staying flat against some others. Macroeconomic data, both domestic and from abroad, was mixed as well, giving the currency no reason to go in a specific direction. China’s trade balance demonstrated a surplus of $32.6 billion in March, up from $4.1 billion in February and beating the average forecast of $7.7 billion by a wide margin. But […]

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April 12
2019

GBP/CAD Indecisive

The Great Britain pound vs. the Canadian dollar seems to have stalled at an important resistance, but does not show signs of willingness to give up without another try. Long-term perspective The flat that began around 1.6620 continued as a heavy ascending move that met a first resistance at 1.7499 and a second one at 1.7811. What these two levels have in common is that they made the price peak twice around […]

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