The Canadian dollar is trading a bit lower against multiple currency competitors to start the trading week, driven by a recent string of disappointing economic numbers, including a surprising economic contraction in October. The loonie has still been one of the best-performing currencies among G20 nations, but anemic growth could affect its performance heading into 2020. According to Statistics Canada, the gross domestic product (GDP) contracted 0.1% in October, down […]
Read moreThe Sterling pound today crashed to new 3-week lows against the US dollar amid fears that Boris Johnson was pushing for a hard Brexit. The GBP/USD currency pair today fell from the early London session as investors sold the pair following Friday’s passage of the Brexit Withdrawal Bill. The GBP/USD currency pair today fell from a daily high of 1.3031 in the early London session to a low of 1.2905 in the early American session and was […]
Read moreThe euro today rallied from its daily lows following the release of weak US durable goods orders in the early American session. The EUR/USD currency pair had fallen earlier in the session amid low liquidity ahead of the Christmas holiday break. The EUR/USD currency pair today fell to a low of 1.1070 in the mid-European session before rallying to a high of 1.1095 in the American session but was off these highs at the time of writing. The currency pair […]
Read moreThe Australian dollar versus the New Zealand dollar currency pair is, slowly but surely, heading towards higher prices. Are there any possible obstacles? Long-term perspective After falsely piercing the 1.0837 resistance and peaking at 1.0865, the price began a very bearish movement, one that brought it at the weekly support of 1.0361. On its way here it also pierced another important support, namely 1.0530. For the time being, […]
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