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Day: October 25, 2019
October 252019
Euro Falls Against US Dollar on Mixed German Gfk and IFO Data
The euro today fell against its US peer following the release of mixed German IFO survey data early in the European session. The EUR/USD currency pair fell from its daily highs shortly after the announcements in a risk-off market environment weighed down by Brexit and trade worries. The EUR/USD currency pair today fell from a daily high of 1.1123 in the early European session to a low of 1.1086 and was headed lower at the time of writing. […]
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October 252019
US Dollar Flat As Capital Goods, New Home Sales Disappoint Markets
The US dollar is trading relatively sideways against some of its biggest currency rivals to close out the trading week. The latest release of US economic data is disappointing markets, which is raising the probability of another quarter-point decrease to interest rates in October. For now, investors might be adopting a wait-and-see approach to trading the buck prior to next weekâs important Federal Reserve policy meeting. According to the US Census Bureau, […]
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October 252019
AUD/USD Correcting from 0.6800
The Australian dollar versus the US dollar currency pair reached the target of 0.6800 and began a correction. Which are the odds for the appreciation to continue? Long-term perspective The consolidation phase in which the currency pair is in and which is limited by the resistance of 0.6858 and the support of 0.6700, respectively, may not continue for too much time. A reason for such an expectation can be ascribed to the following two judgments. First of all, the price was rejected multiple times […]
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