Day: January 15, 2020

January 15
2020

US Dollar Sinks As Phase One US-China Trade Deal Signed

The US dollar slumped midweek as the US and China officially signed the first phase of a comprehensive trade agreement. This comes as December inflation was subdued and business optimism fell short of analysts’ expectations. Still, the greenback is trading relatively higher against a basket of currencies this month. It took 18 months, but Washington and Beijing finally signed phase one of a trade deal. President Donald Trump hosted Vice Premier […]

Read more
January 15
2020

Euro Rallies on Trade Deal Optimism and Hawkish ECB Strategic Review

The euro today rallied higher against the US dollar driven by upbeat investor risk sentiment in anticipation of the US-China phase one trade deal signing later today. The EUR/USD currency pair’s rally was also spurred by investor expectations that the European Central Bank could turn hawkish in the medium-term after a strategic review. The EUR/USD currency pair today rallied from a low of 1.1119 in the early European session to a high of 1.1154 later […]

Read more
January 15
2020

Pound Falls on Disappointing UK Inflation Report and BoE Comments

The sterling pound today fell to new daily lows against the US dollar following the release of disappointing UK inflation data in the early London session. The GBP/USD currency pair’s decline was also fueled by dovish comments from a Bank of England policymaker increasing the likelihood of future rate cuts. The GBP/USD currency pair today fell from a high of 1.3042 in the late Asian session to a low of 1.2985 after the inflation report but was […]

Read more
January 15
2020

NZD/CAD Still Aiming for 0.8514

The New Zealand dollar versus the Canadian dollar currency pair is very consistent in its determination of reaching 0.8514 once more. Long-term perspective After confirming the weekly level of 0.8344 as support, the price headed for higher values. The first important level to be reached was the old weekly support of 0.8692. Even if the bears managed a departure on December 13, after piercing the level, the bulls acted quickly and, by closing the day […]

Read more