Day: November 27, 2019

November 27
2019

Euro Ignores Upbeat German Data, Falls on Positive US Reports

The euro today fell against the US dollar negating yesterday’s gains as investors sold the single currency given the weak data coming out of the eurozone recently. The EUR/USD currency pair fell amid a lack of significant releases from the euro area, leaving the euro at the greenback’s mercy, which was quite strong and pushed the pair lower. The EUR/USD currency pair today fell from an opening high of 1.1022 to a low of 1.0992 in the early American […]

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November 27
2019

US Dollar Struggles for Direction on Mixed Data, US-China Trade Worries

The US dollar is struggling for direction midweek after a wide range of economic data was mixed. The greenback is also seesawing against a myriad of other currencies on uncertainty over phase one of a US-China trade agreement. The buck is looking to extend its gains to close out the year after climbing more than 2% so far in 2019. According to the US Census Bureau, the trade deficit tumbled 6% to $66.5 billion […]

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November 27
2019

NZ Dollar Little Changed After Trade Deficit Shrinks

The New Zealand dollar did not move far today, either staying flat or rising just a bit against its most-traded rivals. Domestic macroeconomic data was relatively decent but it did not have a material impact on the currency’s performance. Trading is expected to be light ahead of the Thanksgiving holiday in North America. Statistics New Zealand reported that the trade balance logged a deficit of NZ$1.0 billion in October, […]

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November 27
2019

AUD/NZD Approaching the Monthly Support of 1.0530

The Australian dollar versus the New Zealand dollar currency pair is still falling, but it also approaches a very important support area. What will happen? Long-term perspective The appreciation that started at the weekly support of 1.0361 after the false piercing that printed the low of 1.0263 ended with a consolidation that failed to continue. The consolidation, which took the shape of a flat limited by the support of 1.0689 and the resistance of 1.0837, allowed a very […]

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