Day: January 29, 2020

January 29
2020

Euro Trades at 3-Month Lows Against US Dollar Ahead of FOMC

The euro today fell against the US dollar reversing yesterday’s brief recovery despite mixed releases from the euro area, which were utterly ignored. The EUR/USD currency pair’s decline saw it erase breach the critical 1.10 level as the bearish pressure mounted driven primarily by the stronger greenback. The EUR/USD currency pair today fell from an opening high of 1.1028 to a low of 1.0992 but had rallied back above the 1.10 […]

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January 29
2020

Swiss Franc Gains on Record Trade Surplus in 2019

The Swiss franc is strengthening against several currency rivals midweek as the country recorded its highest ever trade surplus in 2019. The latest data may give the central bank a headache as it attempts to justify its depreciating efforts after accusations of being a currency manipulator. With chaos in global financial markets, will investors continue to pour into the traditional safe-haven asset? According to the Federal Customs Administration, Switzerland’s trade surplus […]

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January 29
2020

AUD/JPY Could Head for 71.09

The Australian dollar versus the Japanese yen currency pair sits just under an important support area. Will this phase be rendered as a false break or is the price preparing to confirm the level as resistance? Long-term perspective The ascending trend that started after the 71.09 level was confirmed as support managed to reach the 76.02 area. After printing the high of 76.54 by trying to stabilize the price above 76.02, the bulls had to take a step […]

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