- 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 6, 2020
March 62020
Japanese Yen Strong as Coronavirus Panic Persists
The Japanese yen was among the strongest currencies on the Forex market today, rising against almost all of its major peers, though not against the Swiss franc, another refuge currency, and the surprisingly strong New Zealand dollar. The worsening coronavirus pandemic was driving investors to safer assets, including the yen. Domestic macroeconomic reports were mixed, giving no reason for the currency to move in any particular direction. It looks like […]
Read more
March 62020
Euro Gains on German Factory Orders, US Dollar’s Woes
The euro fell against safer currencies, like the Swiss franc and the Japanese yen, but gained on other most-traded rivals, including the US dollar, the Great Britain pound, and commodity currencies. Surprisingly, that did not include the New Zealand dollar, which turned out to be one of the strongest currencies during Friday’s trading session. German factory orders were arguably the most important economic release in the eurozone today. According to data […]
Read more
March 62020
Australian Dollar Soft on Market Sentiment, Weak Economic Data
The Australian dollar was soft today. While it managed to gain on the US and Canadian dollars, the Aussie fell against other most-traded currencies. It declined even against its New Zealand counterpart, which is also considered riskier commodity currency. The market sentiment remained in a risk-off mode, weighing on Australian currency, and Australia’s macroeconomic releases were not helping either. The Australian Bureau of Statistics reported that retail sales […]
Read more
March 62020
Canadian Dollar Gains on Upbeat Jobs Report, Falls on Russian Oil News
The Canadian dollar today posted gains against the US dollar after the release of upbeat Canadian employment data in the early American session. The USD/CAD currency pair alternated between gains and losses, given that both the loonie and the greenback were weak overall. The USD/CAD currency pair today traded in a wide range marked by a low of 1.3379 and a high of 1.3429 and was within this range at the time of writing. The currency pair today traded in a similar […]
Read more
March 62020
US Dollar Uncertainty Despite Strong February Jobs Report, Trade Data
The US dollar is mixed against several currency rivals to close out the trading week as a blend of strong February jobs data, the coronavirus, and financial market turmoil is causing widespread confusion. Will the greenback rebound or will it continue its fall? According to the Bureau of Labor Statistics (BLS), the US economy added 273,000 jobs in February, up from 225,000 in January. The market had forecast 175,000 new jobs. The unemployment […]
Read more
March 62020
Pound Rallies Against Weak US Dollar on Bullish BoE Stance
The Sterling pound today rallied higher against the much weaker US dollar as traders bought the pound given the Bank of England‘s bullish stance on interest rates. The GBP/USD currency pair rallied for the fourth consecutive session as the bearish sentiment towards the greenback persisted as US Treasury yields continue to fall. The GBP/USD currency pair today rallied from an opening low of 1.2949 to a high of 1.2996 at the time of writing as the bulls were clearly in control of the pair’s […]
Read more
March 62020
USD/JPY Still to Tumble from 105.55?
The US dollar pound versus the Japanese yen currency pair continued the movement towards the south. Are there any chances for a pause? Long-term perspective The ascending trend that started from the low of 104.44 extended until the resistance level of 112.25. From there, after confirming the double resistance made possible by the upper line of the channel and the 112.25 level, the price started a depreciation. What initially seemed to be a corrective wave, that was […]
Read more