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Day: December 19, 2019
December 192019
Canadian Dollar Flat on Lower Weekly Earnings, Drop in Wholesale Sales
The Canadian dollar is trading relatively flat against most currency rivals on Thursday as traders digest the newest data that offer a mixed portrait of the national economy. The modest gain in crude oil prices could not lift the loonie higher toward the end of the trading week. According to Statistics Canada, average weekly earnings for non-farm payroll employees rose 3.3% year-on-year in October to $1,042. This is down from the 3.7% increase […]
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December 192019
GBP/AUD Struggles with the Bears at 1.9053
The Great Britain pound versus the Australian dollar currency pair seems to have already been conquered by the bears. Are the bulls left with any chances? Long-term perspective The appreciation that started at 1.7634 may have already ended at 1.9470, as the price was repelled in a very strong manner. Even less beneficial for the bulls, the depreciation that came after 1.9470 was confirmed as resistance washed away most of the gains that were […]
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