The Sterling pound today fell against the US dollar driven by the risk-off market sentiment that dominated global markets amid a major equities sell-off. The GBP/USD extended its losing streak for the third consecutive day and printed new 2020 lows as investors shrugged off the stimulus package announced by the Bank of England yesterday. The GBP/USD currency pair today fell from an opening high of 1.2849 to a low of 1.2490 in the American session but was […]
Read moreThe US dollar is surging against nearly all major currency rivals on Thursday as investors seek shelter from the ocean of red ink flooding global financial markets. The greenback is rallying despite the Federal Reserve set to pump more than $1 trillion into the market amid the coronavirus outbreak wreaking havoc on everything and the oil price war just beginning. For the second day in a row, the US central bank announced market […]
Read moreThe Australian dollar versus the New Zealand dollar currency pair slid under the important support area of 1.0361. Will the previous lows hold afresh? Long-term perspective The depreciation that started after the level of 1.9837 was confirmed as resistance reached the weekly support of 1.0361. In January, the first bearish attempts were visible, as the low of 1.0307 was printed. After two unsuccessful attempts to stabilize the price under 1.0361, the bears decided to pull […]
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