- December 21, 2020 Do we get tax benefits on Personal Loan?
- December 18, 2020 The solicitors Preston depends on for stress-free compensation claims
- December 16, 2020 eToro: History and Key Features
- December 11, 2020 Canadian Dollar Pauses 2020 Rally Against US Peer Amid Falling Crude Prices
- December 11, 2020 Pound Crashes Against Dollar As No-Deal Brexit Appears Imminent
- December 11, 2020 USD/JPY 104.57 High Starting a New Bearish Leg?
Day: February 11, 2020
February 112020
US Dollar Slips on Jerome Powell Testimony, Labor Conditions
The US dollar is trading modestly lower on Tuesday as Federal Reserve Chair Jerome Powell testified in front of lawmakers. The greenback is also heading lower on mixed economic data that showed a tightening labor market but growing business optimism. Despite the greenback taking a breather, the buck is still enjoying a strong start to 2020. During his semi-annual appearance in front of the House Financial Services Committee, Powell stated some […]
Read more
February 112020
Euro Recovers From Fresh 2020 Lows on ECB Chief Lagardeâs Testimony
The euro today traded sideways against the US dollar before falling to its daily lows in the mid-European session driven by the prevailing risk-off market sentiment. The EUR/USD currency pair recovered and rallied higher in the early American session following the release of the ECB Governor Christine Lagarde‘s testimony. The EUR/USD currency pair today fell to a low of 1.0891 before reversing course and rallying to its daily high of 1.0925 and was trading near these highs […]
Read more
February 112020
Great Britain Pound Stable After GDP, Other Economic Indicators
The Great Britain pound was about flat against other major currencies and trimmed losses versus commodity currencies today after the release of a bunch of macroeconomic indicators in Britain. The data was not extremely positive, but apparently, markets considered it to be good enough to support the sterling. Britain’s Office for National Statistics reported that according to the preliminary estimate gross domestic product was flat in the fourth quarter of 2019 compared […]
Read more
February 112020
Australian Dollar Extends Rise After Business Confidence Improves
The Australian dollar continued to rise today after the business confidence improved. Other commodity currencies were trying to recover as well even though investors remained cautious as the deadly coronavirus continued to spread across China. National Australia Bank reported that business confidence improved slightly from -2 in December to -1 in January. Business conditions remained unchanged at +3. Alan Oster, NAB Group Chief Economist, commented on the results: The survey […]
Read more
February 112020
NZD/CAD Made It to 0.8514. Where Now?
The New Zealand dollar versus the Canadian dollar currency pair reached the 0.8514 level. Is this only a met target or is the depreciation about to continue? Long-term perspective The depreciation that started from the peak of 0.8799, which is a part of the head and shoulders pattern with the left-side shoulder marked by 0.8737, extended to 0.8540, retraced, confirmed the level of 0.8616 — which is also the neck-line of the aforementioned chart pattern — as resistance, and continued towards […]
Read more