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Day: January 21, 2020
January 212020
Great Britain Pound Strongest After Employment Report
The Great Britain pound was the strongest major currency on the Forex market today. The reason for the sterling’s stellar performance was the employment report, which showed record employment among Britons. Britain’s Office for National Statistics released an employment report for the September-November period of 2019. It showed that employment rose by 208,000, exceeding market expectations. As a result, the employment rate was at the record 76.3% level. The unemployment rate remained stable at 3.8%. Annual […]
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January 212020
Swiss Franc Rallies on Slew of Bad News, Loses Gains Later
The Swiss franc rallied today amid the negative sentiment among investors. The franc is considered a safe currency, meaning that traders prefer to buy it in times of fear and uncertainty. And on Tuesday, there were plenty of news to spook speculators. Currently, though, the Swissie has lost its gains against most other rivals. The main topic of today’s news headlines was an epidemic of a pneumonia-like coronavirus that has broken out in China. […]
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January 212020
Japanese Yen Mixed As BoJ Leaves Rates Unchanged, Industrial Output Weakens
The Japanese yen is mixed on Tuesday after the central bank announced that it was leaving interest rates unchanged and raising its economic growth forecasts for 2020 and 2021. Tokyo also reported disappointing industrial production and capacity utilization data, despite the federal government spending billions in stimulus. As widely expected by financial markets, the Bank of Japan (BoJ) left its key short-term interest rate unchanged at -0.1% and maintained the target […]
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January 212020
Is GBP/CAD Sill Aiming for 1.7811?
The Great Britain pound versus the Canadian dollar currency pair had not yet started the journey towards 1.7811. Is the price just gathering more energy for a new leap or is it just that there isn’t enough bullish optimism left? Long-term perspective After confirming 1.5936 as support, the price began an appreciation that extended until 1.7811. But touching that level was followed by a strong drop, one […]
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