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Day: February 14, 2020
February 142020
US Dollar Slips on Mixed Data, Coronavirus Uncertainty
The US dollar is falling against multiple currency competitors to finish the trading week. The greenback could not find a concrete direction on Friday as the key economic reports were mixed. There is still a great deal of uncertainty in global financial markets surrounding the coronavirus, which was recently named Covid-19 by the World Health Organization (WHO). Despite the hiccup at the end of the trading week, the US dollar is still having an incredible start […]
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February 142020
Euro Range-Bound on Mixed German and Eurozone GDP Reports
The euro today continued to trade near 3-year lows against the US dollar after the release of mixed GDP data from Germany and the greater euro area. The EUR/USD currency pair extended its losing streak, which has been in place since the start of the year, as the risk-off sentiment dominated the markets in the face of the coronavirus outbreak. The EUR/USD currency pair today traded in a tight range between a high of 1.0850 and an Asian session low of 1.0827 […]
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February 142020
Bears Packed at 110.00 on USDJPY?
The US dollar versus the Japanese yen currency pair seems to have a hard time extending beyond the 110.00 psychological level. Is it that the price stalled or the bulls are catching their breath? Long-term perspective From the low of 104.44, the price commenced an ascending trend that, beginning with November 2019, showed signs of deceleration. The area signed by the peak of 109.72 began to look like a possible strong resistance, and after the depreciation […]
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