Day: October 22, 2019

October 22
2019

Pound Falls as Investors Take Profits Ahead of Key Brexit Vote

The Sterling pound today fell against the US dollar as investors closed most of their profitable trades ahead of a crucial vote on the Brexit deal later today. The GBP/USD currency pair fell to its daily lows in the early American session before bouncing back as the vote drew closer. The GBP/USD currency pair today fell from an initial high of 1.2987 to a low of 1.2892 in the early American session before recouping almost all its […]

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October 22
2019

Canadian Dollar Weakens Amid Falling Retail Sales, Trudeau Minority

The Canadian dollar is weakening against several major currency pairs on Tuesday as investors comb through the latest retail sales report. The loonie’s slide also comes after Prime Minister Justin Trudeau secured a minority government following the recent federal election. With the electoral contest out of the way, traders will keep a focus on a central bank that refused to budge on interest rates before the election. On Monday, the Liberal Party won […]

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October 22
2019

Would 0.9010 on AUD/CAD Allow Further Advancement?

The Australian dollar versus the Canadian dollar currency pair revisited the 0.9010 resistance level and now has to take a decision. Long-term perspective The price was in a descending channel that commenced on the beginning of August a consolidation phase limited by the 0.8918 support level and the 0.9010 resistance. The fact that the price printed the low at 0.8835 as a false piercing of the support, to which adds the higher low on August 16, translates into a bullish profile. The only amendment would […]

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October 22
2019

EUR/USD Falls as Brexit Deadline Nears

EUR/USD declined today. Market analysts blamed the uncertainty surrounding the Brexit for the drop. It is still unclear whether the United Kingdom will face a hard Brexit after October 31 or the separation from the European Union will be postponed yet again. US macroeconomic data released today was mixed, giving the currency pair no additional help in finding a direction. The housing market weakened more than was expected, […]

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