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Day: February 12, 2020
February 122020
Pound Rallies Despite Brexit Headlines, Falls on Powellâs Testimony
The Sterling pound today rallied higher against the US dollar extending a 3-day winning streak by riding on yesterday’s momentum created by the positive UK GDP figures. The GBP/USD currency pair later fell during the American session as the Fed Chair Jerome Powell testified before the Senate housing committee where he reiterated his hawkish stance. The GBP/USD currency pair today traded in a 40-pip range marked by a low of 1.2951 and a high of 1.2991 […]
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February 122020
Chinese Yuan Mixed As Economic Stimulus Capped by Fiscal Woes
The Chinese yuan is mixed midweek as traders are waiting to see how the federal government reacts to the economic fallout from the Wuhan coronavirus, which was recently named Covid-19 by the World Health Organization (WHO). The central bank has responded and Beijing has unleashed several stimulus measures, but disappointing 2019 fiscal numbers might limit what the federal government can do. This week, President Xi Jinping approved […]
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February 122020
Money and Relationships – What are the Key Challenges?
While the divorce rate has typically remained between 40% and 50% in the western world during recent generations, this number has begun to fall noticeably in nations such as the UK and Australia. The divorce rate declined by a hefty 9.1% during 2015 in the UK, for example, and by a staggering 34% on the […]
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February 122020
Possible H&S on GBP/CAD with Neckline at 1.7160
The Great Britain pound versus the Canadian dollar currency pair seems to have a head and shoulders chart pattern coming in its way. Long-term perspective After starting the ascending movement from the support area of 1.5936, the price extended all the way to the resistance level of 1.7811. From 1.7811, a strong fall took place, one that was tempered by 1.6986, from where another appreciation commenced and confirmed 1.7499 as resistance. The retracement from […]
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