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Day: October 23, 2019
October 232019
Pound Falls Then Recovers as Brexit Deal Debate Is Paused
The Sterling pound today fell against the US dollar during the Asian session as investors digested the mixed results of yesterday’s crucial Brexit vote. The GBP/USD currency pair later rallied to trade at break-even in the London and New York sessions as investors waited for the EU’s response to the UK’s extension request. The GBP/USD currency pair today fell to a low of 1.2844 in the late Asian session before rallying to a high of 1.2920 in the late American session and was near […]
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October 232019
US Dollar Sideways on Housing Slump, Doubts Over US-China Deal
The US dollar is trading relatively sideways against several currency pairs midweek. The greenback failed to find a concrete direction after housing data disappointed investors and a prominent Republican senator raising doubts on progress in US-China trade negotiations. The buck is trying to salvage the week after falling the first two sessions. According to the […]
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October 232019
NZD/CAD Tries to Bottom and Head for 0.8514
The New Zealand dollar versus the Canadian dollar currency pair had the chance to make new lows, but, by failing, it got above a zone that could propel it towards new highs. Long-term perspective After the second confirmation of the local support of 0.8915 as resistance, the price began a bearish movement that etched a low at 0.8236 and under the 0.8344 weekly support. The bulls pushed the price back above 0.8344 and consolidated there, […]
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