Day: October 21, 2019

October 21
2019

Japanese Yen Weakens As September Exports, Imports Shrink

The Japanese yen started off the trading week lower against multiple currency rivals, driven by the latest economic data that disappointed investors and heightened fears of a recession hitting the world’s third-largest economy. But Japan is just one of many countries experiencing the fallout of the US-China trade saga that has crippled global financial markets. According to the Ministry of Finance, exports from Tokyo fell 5.2% from the same time a year […]

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October 21
2019

Pound Rallies Ahead of Bercow’s Decision on Meaningful Brexit Vote

The British pound today extended its gains against the US dollar having opened lower following Saturday’s vote results mandating the government to ask for a Brexit extension. The GBP/USD currency pair recouped all its losses at traded slightly above Friday’s highs as investors waited for John Bercow to rule on the date for a meaningful Brexit vote. The GBP/USD currency pair today rallied from a daily low of 1.2890 to a high of 1.3013 in the mid-London session […]

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October 21
2019

AUD/NZD Could Target 1.0837

The Australian dollar versus the New Zealand dollar currency pair managed to keep the gains above 1.0640, thus giving credit to the bulls. Long-term perspective The appreciation that started at 1.0263 managed to reconquer two important support areas: the weekly level of 1.0361 and the monthly support of 1.0530, respectively. To this, a third support can be added — 1.0640 — that is yet to be confirmed, but that, given the recent developments, may already […]

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