Day: September 20, 2019

September 20
2019

Japanese Yen Mixed on Trade, Inflation As Business Leaders Pessimistic

The Japanese yen is finishing the trading week mixed against several major currencies as trade and inflation data were in focus among investors. With new polls suggesting that the nation’s business leaders are bearish on the world’s third-largest economies, it is anyone’s guess as to whether Japan enters a recession or not. But the numbers are not pleasing to investors. According to the Ministry of Finance, the country’s trade deficit narrowed to $1.27 billion […]

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September 20
2019

Canadian Dollar Falls on Risk-Off Mood and Weak Retail Sales

The Canadian dollar today fell against its US counterpart as investors ignored upbeat crude oil prices and bought the safe-haven greenback as geopolitical risks mounted. The USD/CAD currency pair today rallied higher following the release of disappointing Canadian retail sales data in the American session before giving up most of its gains. The USD/CAD currency pair today rallied to a high of 1.3300 before retracing most of its gains to trade near […]

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September 20
2019

USDJPY Got Out of the Descending Trend and Tests 108.00

The United States dollar versus the Japanese yen currency pair extended its correction beyond the resistance line of the daily bearish channel. Long-term perspective The correction that started after the materialization of the 104.44 low — which also falsely pierced the important support area of 105.52 and confirmed the 105.00 psychological level — went all the way to the well-known resistance area etched by 108.12, the support line of the ascending rectangle and the resistance line of the descending channel, piercing […]

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