The euro today cooled off slightly after posting gains against the US dollar for the past three days as investors digested the impact of Friday’s US-China handshake deal. The EUR/USD currency pair fell to its daily lows after the release of weak German wholesale prices data before rallying higher shortly afterwards. The EUR/USD currency pair today fell to a daily low of 1.1013 in the early European session before rallying to a high of 1.1042 […]
Read moreThe Australian dollar versus the Canadian dollar currency pair printed a megaphone in an area from where a rotation could decide the fate of the pair for the next few months. Long-term perspective After not being able to remain above the major support of 0.9300, the price entered in a descending trend that etched a low at 0.8835 as part of the megaphone, a structure that could signal the end of the trend. The low at 0.8835 belongs to a bullish engulfing pattern, a very strong […]
Read moreThe Australian dollar started the trading week with losses against other most-traded currencies. The general market sentiment seemed to be relatively optimistic due to the positive news about the US-China trade negotiations. But trade data from China released on Monday did not look good, and that is one of the possible reasons for the weak performance of the Aussie. Markets opened on a positive footing due to good news about progress in the Sino-US trade […]
Read moreThe Canadian dollar is slipping against several currency rivals on Monday, suggesting that the euphoria from last weekâs better-than-expected jobs report may have dissipated to kick off the week forex markets. While the current labor market is one of the best Canada has ever had, the economy has returned to its anemic state. How much will the economy play in next weekâs federal election? According to Statistics Canada, […]
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