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Day: April 8, 2020
April 82020
Pound Rallies as PM Johnson Still in ICU; UK COVID-19 Deaths Rise
The Sterling pound today rallied for the third straight session against the US dollar amid hope that Boris Johnson was recovering despite rising COVID-19 deaths in the UK. The GBP/USD currency pair posted gains as investors reacted calmly to rising coronavirus deaths in the UK and the risk posed by the pandemic to the British economy. The GBP/USD currency pair today rallied from an Asian session low of 1.2288 to a high of 1.2419 in the American session and was near […]
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April 82020
Chinese Yuan Weakens As Officials Weigh Additional Fiscal, Monetary Stimulus
The Chinese yuan is weakening midweek as a new report suggests officials are considering additional fiscal and monetary stimulus to rejuvenate the post-coronavirus economy. As the country gradually returns to normal and even ends the lockdown in Wuhan, authorities are discussing a wide range of options. Over fears of a second wave, China could serve as a case study for the rest of the world in what to do after COVID-19. According to Reuters, the Peopleâs Bank of China (PBoC) is anticipated […]
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April 82020
Importance of risk management in Forex trading
The Forex market contains many different aspects and factors which are necessary for traders to know about. You need to know about the aspects to make profits in the trades, without understanding the market properly you won’t be able to make profits. Likewise, risk management plays a crucial role in the market you need to […]
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April 82020
AUD/CAD Might Be Ready to Break the Trendline
The Australian dollar versus the Canadian dollar currency pair got very close to an area that may decide the very fate of the pair for the medium-term, if not for the long-term? Long-term perspective The depreciation that started from the peak of 0.9149, after the confirmation of the 0.9093 level las resistance, extended all the way to 0.8062 low. After a sharp retracement, the price started an ascending and very volatile movement. Even if it appears that the high […]
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