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Day: March 26, 2020
March 262020
Pound Rallies on Upbeat Sentiment and Hawkish BoE Rate Decision
The Sterling pound today rallied higher against the US dollar driven by the dominant risk-off market sentiment, which triggered a sell-off in the greenback. The GBP/USD currency pair today rallied higher as investors reacted to the Bank of England‘s latest monetary policy decisions. The GBP/USD currency pair today rallied from a low of 1.1818 in the early London session to a high of 1.2181 in the American session and was near these highs at the time of writing. The currency pair traded […]
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March 262020
US Dollar Falls Amid Record 3.28 Million Initial Jobless Claims
The US dollar is sliding against multiple currency rivals on Thursday, but it is holding relatively steady. This might come as a surprise for market observers because the greenback and the broader financial market should be in freefall following record-breaking jobs numbers. It is the opposite. According to the Bureau of Labor Statistics (BLS), initial jobless claims soared to an all-time high of 3.283 million for the week ending March 21. This is […]
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March 262020
AUD/NZD Still Thinking at the 1.0200 Handle
The Australian dollar versus the New Zealand dollar currency pair seems to be undecided concerning what path to take. Long-term perspective After confirming the monthly support of 1.0530 as resistance, the price dropped until the weekly support of 1.0037, printing the low at 0.9993 and then retracing. The retracement got quite close to the next weekly support, 1.0361, respectively, but on March 25, the bears pushed the price lower, causing the candle to close under the intermediary […]
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