The Swiss franc is mixed midweek as the latest survey of investors suggested a bearish sentiment. But the poll of investors might change in the coming weeks as the central bank pledged a looser monetary policy, suggesting that it will continue to stimulate the economy and financial markets. Could this help the country counter the demand for the safe-haven currency in a time of global turmoil? The Credit Suisse and CFA Society Economic Sentiment Index slumped from -24 in July […]
Read moreThe British pound today fell to new weekly lows on rumours that the British government had initiated plans to prorogue the UK Parliament in order to facilitate a hard Brexit. The GBP/USD currency pair recouped some of its losses later in the session despite the Queen’s decision to suspend the British Parliament. The GBP/USD currency pair today fell from an opening high of 1.2288 to a low of 1.2155 on the rumours before recouping some of its losses to trade slightly […]
Read moreThe New Zealand dollar versus the Canadian dollar currency pair maintains the course towards the south, getting closer and closer to the 0.8400 psychological level. Long-term perspective After the piercing of the old weekly support, found at 0.8692, and its confirmation as a resistance (0.8704), the price continued the decline, piercing the two remaining support levels: 0.8577 and 0.8514, respectively. This is a clear message that the bears are still in control. And now, with the departure of the price […]
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