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Day: January 14, 2020
January 142020
Euro Falls on Trade Headlines and US CPI Amid Empty European Dockets
The euro today fell against the US dollar driven by a lack of macro releases from across the euro area and the resurgent greenback. The EUR/USD currency pair later rallied from its daily lows despite the release of mostly in-line US inflation data in the American session. The EUR/USD currency pair today fell from a high of 1.1144 in the Asian session to a low of 1.1104 in the American session but had since recouped most of its losses. […]
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January 142020
Chinese Yuan Weakens Despite Exports Beating Market Forecasts
The Chinese yuan is falling against several major currency competitors on Tuesday, despite positive trade data that suggest the US-China trade dispute winding down is proving already to be bullish for Beijing. The December numbers are beginning to roll in, and so far, it is good news for the worldâs second-largest economy. According to the General Administration of Customs, the nationâs trade surplus diminished to $46.79 billion last month, down […]
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January 142020
AUD/CAD Trying to Keep the Gains at 0.9010
The Australian dollar versus the Canadian dollar currency pair seems to be in a bullish profile. But is it really so? Long-term perspective After peaking at 0.9149, the price began a strong depreciation, one that was able to pass the 0.9010 level with ease. The movement stopped at the 0.8918 support, from where the price retraced drastically, recovering almost half of the losses and also looking as if it is trying to conquer the 0.9010 […]
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