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Day: November 19, 2019
November 192019
Euro Trades Sideways Amid Positive Releases and USD Weakness
The euro today traded sideways against the US dollar amid positive releases from across the euro area and risk-off market sentiment. The EUR/USD currency pair was not very active today as the data released from the eurozone was deemed inconsequential. The EUR/USD currency pair traded in a tight range between a high of 1.1084 and a low of 1.1063 as neither buyers nor sellers wanted to take control of the markets. The currency pair dipped lower […]
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November 192019
Swiss Franc Weakens As Trade Surplus Narrows
The Swiss franc is weakening against multiple currency rivals on Tuesday as the trade surplus narrowed in October. The currency also took a hit based on a gloomy outlook for the nationâs ailing manufacturing sector. With the central bank reiterating its support for currency intervention, the francâs haven appeal may diminish in the coming months. According to the Federal Customs Administration, the trade surplus declined from an upward revised $3.08 billion in September to $2.41 billion in October. […]
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November 192019
Can GBP/CAD Push Even Higher?
The Great Britain pound versus the Canadian dollar currency pair is in an appreciation that seems to withstand the bearish attempts that were put into play until now. Long-term perspective After the weakened support area of 1.5936 was eventually confirmed as support, the price entered into an appreciation phase that managed to pass key resistance areas. Along the way, the bears tried to limit further advancement, as it can be seen […]
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