Day: January 16, 2020

January 16
2020

EUR/USD Pair Falls From Daily Highs on Upbeat US Retail Sales

The euro today fell against the US dollar in the American session following the release of upbeat US retail sales data. The EUR/USD currency pair fell from its daily highs giving up all the gains made earlier in the session as the Dollar Index soared. The EUR/USD currency pair today fell from a high of 1.1173 in the mid-European session to a low of 1.1128 in the American session and was near these lows at the time of writing. The currency pair […]

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January 16
2020

Japanese Yen Weakens on Slide in Machine Tool Orders, Bump in PPI

The Japanese yen is weakening against most of its currency rivals on Thursday after a mix of economic data that highlighted both gains and weaknesses in the world’s third-largest economy. Is the federal government’s stimulus enough to prevent Tokyo from slipping into the long-awaited recession? According to the Japan Machine Tool Builders Association (JMTBA), machine tool orders plummeted 33.6% in December from the same time a year ago. This is a slight […]

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January 16
2020

AUD/JPY Deciding at 76.02

The Australian dollar versus the Japanese yen currency pair is in a very interesting spot, one from where it could go either way and so establish the course for the long-term. Long-term perspective The ascending trend that started after the false piercing of the 71.09 support evolved in a very convincing manner, peaking at 76.54, just above the 76.02 level. The fact that the peak at 76.54 is part of a false break was, of course, welcomed […]

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