- 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 25, 2020
February 252020
Pound Rallies on US Dollar Weakness and Coronavirus Headlines
The Sterling pound today rallied against the US dollar in a turn of events that saw the dollar lose ground against most of its peers. The GBP/USD rallied above the crucial 1.30 level as demand for the greenback weakened despite new coronavirus infections. The GBP/USD currency pair today rallied from an opening low of 1.2914 to a daily high of 1.3018 in the American session before giving up some of its gains. The currency pair rallied higher […]
Read more
February 252020
Mexican Peso Drops As Economy Shrinks in 2019
The Mexican peso is trading relatively flat against several major currency competitors on Tuesday. With the latest economic data coming in mixed, the public and investors may be becoming increasingly impatient with President Andres Manuel Lopez Obradorâs policies. A cyber attack on the nationâs economy ministry did not help spur confidence in AMLOâs government either. In the fourth quarter, the final gross domestic product (GDP) growth rate reading […]
Read more
February 252020
Euro Soft amid Raging Coronavirus Fear
The euro declined today against other most-traded currencies as markets remained in the grip of coronavirus epidemic fear, which made traders less willing to risk and prefer safer currencies to riskier ones. Germany released a report on its economic growth during today’s session but markets largely ignored it. Destatis, the German Federal Statistical Office, reported that gross domestic product was unchanged in the fourth quarter of 2019 from the previous […]
Read more
February 252020
Japanese Yen Continues to Profit from Coronavirus Fear
The Japanese yen gained against most of the other currencies today as coronavirus fears continued to drive investors to safer assets. The yen, being one of such assets, profited immensely from the demand for safety. Japan’s macroeconomic data released today was good but had a limited impact on the currency. The deadly COVID-19 disease continued to spread around the globe, with the total number of cases exceeding 80,000. The death toll continued to rise in China, […]
Read more
February 252020
Bulls Back in Business on GBP/CAD?
The Great Britain pound versus the Canadian dollar currency pair made a twist. Long-term perspective The head and shoulders pattern seems to have been invalidated, as the price went back above the neck-line of the chart pattern, 1.7160, respectively. The most probable culprit is the support trendline o what becomes a well-formed symmetrical triangle. On February 20, the price stopped exactly in this trendline. The confirmation that followed caused a strong rise, the price piercing […]
Read more