Day: November 26, 2019

November 26
2019

Euro Range-Bound on German GfK Survey Data, Trade Headlines

The euro today traded sideways against the US dollar in a low-volatility market environment amid a lack of any significant fundamental triggers. The EUR/USD currency pair barely moved after the German GfK survey as investors waited for developments from the US-China trade talks. The EUR/USD currency pair today rallied to a high of 1.1024 in the early American session before dropping to a low of 1.1007 and was within this tight range at the time of writing. The currency pair […]

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November 26
2019

Canadian Dollar Dips As Agriculture, Energy Affected by CN Rail Disruption

The Canadian dollar is trading slightly lower against multiple currency rivals on Tuesday following recent wholesale data. The loonie has been under threat in recent sessions as several Canadians industries are crippled by a work stoppage at the nation’s largest rail company, which has impacted the agriculture and energy sectors. Thousands of Canadian National Railway workers walked off the job over disputes regarding working conditions and benefits for more than […]

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November 26
2019

Yen Soft on Risk Appetite & Mixed Data, Attempts to Recover

The Japanese yen was soft today as mild risk appetite on the Forex market limited demand for the currency in its role of a safe haven. But the yen has trimmed losses by now, even managing to gain on some of its rivals. Domestic macroeconomic data was mixed, but no outright negative indicators were released today. The Bank of Japan reported that the Service Producer Price Index rose by 2.1% in October from a year […]

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November 26
2019

NZ Dollar Gains After Retail Sales Surpass Expectations

The New Zealand dollar gained against all other most-traded currencies today. While the mild risk appetite on markets was helping the currency, the major driver for the currency was amazing domestic retail sales data that surpassed expectations by a wide margin. Currently, the kiwi has trimmed gains, trading about flat against many of its rivals. Statistics New Zealand reported that the total volume of retail sales climbed by 1.6% […]

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November 26
2019

Bulls Trying to Change Course on AUD/JPY at 73.93

The Australian dollar versus the Japanese yen currency pair seems to be at the boundary that separates the bullish and bearish territories. Long-term perspective From 71.09, the price is in an ascending trend that peaked at 75.67, from where a corrective phase emerged. The correction extended until 73.35 but retraced above the 73.93 level thus rendering the pierce as a false one. This should have instilled sufficient optimism for the bulls to be able to start […]

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