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Day: December 2, 2019
December 22019
Brazilian Real Falls As Trump Threatens to Restore Tariffs
The Brazilian real is falling against multiple currency rivals as President Donald Trump threatened to restore tariffs on Brazil and Argentina goods, accusing the two countries of devaluing their currencies. But is this really about the two markets becoming go-to sources for Chinaâs soybean needs? The Brazilian leadership attempted to quash concerns, noting that it plans to speak with the US administration. On Monday, President Trump tweeted that Argentina […]
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December 22019
AUD/JPY Trying to Confirm the 73.93 Support
The Australian dollar versus the Japanese yen currency pair is reconquering an important support area. Long-term perspective The price is in an ascending trend, starting with the low at 69.95 and having the high of the last impulsive swing at 75.67. After printing the low at 73.35 (which pertains to the false piercing of the 73.93 level), the bulls did all in they could to limit any movement to the downside. And they managed to, as — after the labeled 74.31 high — […]
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