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Day: December 10, 2019
December 102019
Pound Holds On to Gains 2 Days Ahead of the General Elections
The British pound today held on to yesterday’s gains against the US dollar two days ahead of Thursday’s elections with opinion polls predicting a win by the Conservative Party. The GBP/USD currency pair today rose to 8-month highs as investor optimism about Britain’s future including Brexit remained high. The GBP/USD currency pair today traded in a range marked by a high of 1.3197 and a low of 1.3132 and was trading near the tops at the time of writing. The currency […]
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December 102019
US Dollar Mixed as US-China âLay the Groundworkâ on Tariff Delay
The US dollar is mixed against multiple currency rivals on Tuesday after it was reported that US and China trade negotiators are working on a plan to delay the December 15 tariffs. This comes after the federal government revised its third-quarter productivity numbers slightly higher, though the report still marked a negative reading for the first time in four years. Business confidence is on the rise, however, so can positive […]
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December 102019
GBP/CAD Facing 1.7499 as a Possible Resistance
The Great Britain pound versus the Canadian dollar currency pair appreciated beautifully, but a moment comes when the market retraces. Is the market in front of it? Long-term perspective The support of 1.5936, even if weakened, managed to facilitate an appreciation that turned out to be a very healthy one, as important areas — like 1.6413 and 1.6620 — were breached and allowed the departure of the price. Even if the bears tried to oppose, in the areas of 1.6986 and 1.7160, […]
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