- 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: March 4, 2020
March 42020
Pound Falls Then Rallies on Weak UK Services PMI and BoE Rumours
The Sterling pound today traded lower against the US dollar earlier in the session as investors stayed away from the pound amid Brexit uncertainty and risk-off market sentiment. However, the GBP/USD currency pair later recovered despite the release of weak UK PMI data by Markit Economics amid rumours that the Bank of England would cut rates soon. The GBP/USD currency pair today fell to a low of 1.2770 in the early London session before […]
Read more
March 42020
Canadian Dollar Mixed As BoC Cuts Interest Rates Amid Covid-19 Fears
The Canadian dollar is trading mixed against multiple currency rivals midweek after the central bank delivered on a cut to interest rates. The Bank of Canada (BoC) joins a growing chorus of institutions that are slashing rates this week in response to the growing concerns over the economic fallout from Covid-19. Will it be enough to fight the outbreak or will more monetary easing be necessary? The BoC lowered rates by 50 basis […]
Read more
March 42020
Australian Dollar Rises for Third Day After GDP Beats Expectations
The Australian dollar continued to rise, logging a third consecutive daily gain. This time, it is easier to explain the currency’s rally as it followed the better-than-expected GDP print released during the trading session. Economic data from China, Australia’s biggest trading partner, was atrocious, but it had a little impact on the movement of the Aussie. The Australian Bureau of Statistics reported that gross domestic product rose by 0.5% in the December quarter […]
Read more
March 42020
Chinese Yuan Pauses After Huge Weekly Acceleration on Bearish Data
The Chinese yuan is hitting the pause button on its recent acceleration against several major currency rivals midweek as many economic reports portray a grim picture of the worldâs second-largest economy. All the data came in worse than what the market had forecast, and with the coronavirus still lingering, experts warn there might be plenty more bearish news in the coming months. The Caixin General Services purchasing managersâ index (PMI) […]
Read more
March 42020
AUD/JPY Slipped Under 71.09. Where to Now?
The Australian dollar versus the Japanese yen currency pair is consolidating just under the 71.09 level. Long-term perspective After confirming the level of 71.09 as support late in August 2019, the price began an ascending trend that managed to conquer the 73.93 level but failed to do so with the next resistance level, 76.02, respectively, peaking at 76.54. After the second strand, in the middle of January 2020, the price depreciated strongly, piercing the support […]
Read more