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Day: March 30, 2020
March 302020
Japanese Yen Gains As Abe Prepares for âBoldest-Everâ Stimulus
The Japanese yen is gaining against its biggest currency competitors to kick off the trading week as the nation braces for details surrounding the governmentâs âboldest-everâ stimulus package. Japanâs economic situation had been bearish prior to the coronavirus pandemic, but the outbreak has negatively affected the worldâs third-largest economy. With the Tokyo Olympic Games postponed until the end of July, it is unclear how Japan can avoid slipping into […]
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March 302020
Can AUD/USD Recover 0.6313?
The Australian dollar versus the US dollar currency pair seems to be in bullish hands. Are the bears just around the corner? Long-term perspective After the Head and Shoulders with the neckline at the 0.6851 major support level played out, the price depreciated in a very pronounced manner, extending until the level of 0.5511. From there, a retracement equally as strong as the depreciation manifested itself, leading the price above the 0.6015 level. In one scenario, the price could […]
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