Day: September 13, 2019

September 13
2019

Pound Rallies Despite Brexit Uncertainty and Upbeat US Data

The British pound today rallied higher against the US dollar breaking out of a 3-day trading range amid positive Brexit headlines. The GBP/USD currency pair rallied higher after it emerged that the EU was willing to grant an extension of the October 31st Brexit deadline. The GBP/USD currency pair today rallied from an opening low of 1.2328 to a high of 1.2475 and was trading near these highs at the time of writing. The currency pair […]

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September 13
2019

Mexican Peso Mixed on Weak Industrial Output, Expected Rate Cuts

The Mexican peso is mixed against a basket of currencies to end the trading week. Investors are combing through the nation’s latest industrial production numbers for July, while also monitoring monetary policy. With inflation lower than what central banking officials want and the economy enduring immense uncertainty, analysts are unsure how the government will tackle the situation. In July, industrial output fell 0.4%, down from the previous month’s […]

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September 13
2019

CAD/JPY Might Have Other Plans for the Descending Trend

The Canadian dollar versus the Japanese yen currency pair corrected sharply and, as a consequence, some might already think of shorting it. But is it the pair really ready to give the bears a new go? Long-term perspective After confirming the resistance of 85.12, the market entered a downwards movement that bottomed, at least for now, at the 78.49 low. So, for the easy eye, this could look like a casual correction of a descending trend. Of course, […]

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