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Day: January 20, 2020
January 202020
Euro Falls to 3-Week Lows Against the Dollar Despite US Holiday
The euro today fell to new 3-week lows against the US dollar even though US markets were closed for the Martin Luther King Jr. holiday. The EUR/USD currency pair attempted to rally but failed to sustain its gains as the European session got underway. The EUR/USD currency pair today fell from a high of 1.1103 in the early European session to a low of 1.1076 in the American session and was trading near these lows at the time […]
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January 202020
Swiss Franc Rises to Three-Year High After Addition to US Trade Watch List
The Swiss franc is continuing its streak of gains on Monday, despite recent allegations that Switzerland is manipulating its currency. The franc is also finding direction on the latest trade prices, which have fallen over the last 12 months as Switzerland suffers from global trade uncertainty. Will the franc remain a safe-haven currency moving forward? In its semi-annual report, the Treasury Department added Switzerland to its list of countries […]
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January 202020
Head and Shoulders Almost Complete on AUD/USD
The Australian dollar versus the US dollar currency pair seems to be pursuing lower prices. The only possible barrier is 0.6850. Will this level be able to stop the depreciation? Long-term perspective After it bottomed at 0.6670 and confirmed the psychological level of 0.6700 as support, the price began an appreciation that slowly but steadily gain traction. Thus, the bulls were able to print new higher highs, conquer 0.6850, and pierce […]
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