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Day: November 28, 2019
November 282019
Euro Falls on Weak German Inflation Data and Investor Sentiment
The euro today rallied briefly against the US dollar in the early European session before giving up its gains as the greenback recovered to post gains. The EUR/USD currency pair traded near its monthly lows as the pair seemed set to close the month with significant losses as compared to the gains recorded in October. The EUR/USD currency pair today fell from a daily high of 1.1017 to a low of 1.1000 in a low liquidity market environment driven […]
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November 282019
Japanese Yen Flat As Retail Sales, Foreign Bond Investment Fall
The Japanese yen is trading relatively flat on Thursday as investors try to cope with a diverse array of negative economic data that will add to fears of a recession. Falling retail sales and slumping foreign bond investment are dominating trading patterns, but analysts will keep an eye on upcoming jobs, housing, and industrial numbers. October retail sales plummeted 14.4%, down from the 7.2% gain in September. The market did pencil […]
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November 282019
NZ Dollar Flat, Rebounding After Earlier Decline
The New Zealand dollar traded about flat against the majority of most-traded currencies today after falling earlier during the trading session. Domestic macroeconomic data released on Thursday was relatively positive but the market sentiment was unfavorable to riskier currencies. The ANZ Business Confidence climbed to -26.4 in November from -42.4 in October. Agriculture and retail sectors demonstrated the biggest improvement. The report commented on the rise of the confidence index: While still not […]
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November 282019
Aussie Trades Lower on Poor Data, Risk Aversion
The Australian dollar was trading generally lower today due to an unexpected drop of private capital expenditure last week. Released at the start of Thursday’s trading session, a report on construction work done showed a decline as well, but it was not as big as experts had feared. The Forex market was in a risk-off mode after US President Donald Trump officially supported Hong Kong protesters, and that also had a negative impact […]
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November 282019
NZD/CAD on the Way to Higher Prices
The New Zealand dollar versus the Canadian dollar currency pair seems to be determined to continue the upward movement. Should any depreciation be expected? Long-term perspective After printing the low at 0.8236, the price began crystalizing higher lows and lower highs. This convergence thus took the shape of a continuation pattern. But since eventually, the bears failed to lead a movement towards the south, the bulls confirmed 0.8344 as support. As a result, 0.8514 was […]
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