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Day: February 18, 2020
February 182020
Japanese Yen Rebounds Despite Heightened Recession Fears
The Japanese yen is rebounding on Tuesday after the safe-haven currency struggled to hold ground to kick off the trading week due to a disappointing gross domestic product reading. The yenâs jump, despite heightened recession fears, is being driven by decent industrial production in December. All eyes will now be on January trade data and machinery orders in December. According to government numbers, industrial production rose 1.2% in December, up from […]
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February 182020
Euro Drops to Multi-Year Lows on Weak German ZEW Survey Data
The euro today fell against the US dollar during the European session following the release of weak German ZEW survey data early in the session. The EUR/USD currency pair traded at 34-month lows as the coronavirus headlines continue to dampen investor risk appetite. The EUR/USD currency pair today fell from an opening high of 1.0838 to a low of 1.0786 in the American session and was slightly off these lows at the time of writing. The currency pair traded in a tight […]
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February 182020
GBPAUD Could Challenge 1.9752
The Great Britain pound versus the Australian dollar currency pair seems to try climbing bigger prices. Are the bears in the search for a good spot to short from? Long-term perspective The ascending trend that began after the confirmation of 1.7634 as support, extended until the peak of 1.9752. From there, it retraced under the previous peak — of 1.9555 — and under the level of 1.9470. The fact that the price went beneath the level, can be seen by the bears […]
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