Day: August 28, 2019

August 28
2019

Swiss Franc Mixed on Bearish Sentiment, Loose Monetary Policy

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 […]

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August 28
2019

Pound Crashes, Later Rallies After the Queen Adjourns Parliament

The 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 […]

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August 28
2019

NZD/CAD Even Closer to 0.8400

The 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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