Day: April 22, 2020

April 22
2020

Japanese Yen Mixed As BoJ Warns of Risks to Financial Stability

The Japanese yen is trading mixed against its most-traded currency rivals as the central bank is sounding the alarm on risks to financial stability in the wake of the coronavirus. This comes as the federal government has unleashed a massive stimulus package that extends a lifeline to consumers and the private sector, which is expected to weigh on Tokyo’s budget. With the country under a state of emergency and policymakers trying everything to stave off a recession, what else could […]

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April 22
2020

Bears at Their Posts on GBP/CAD from 1.7499

The Great Britain pound versus the Canadian dollar currency pair looks like it is not able to stay above the 1.7499 level. Long-term perspective After confirming the major area of 1.6620, the price appreciated until the important resistance area of 1.7811. On its way, it validated the zone defined by the level of 1.7160, the descending trendline, and the ascending trendline, respectively, as a triple support. However, this was not enough for the buyers, which, after […]

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April 22
2020

Aussie Climbs After Jump in Retail Sales, Struggles to Maintain Gains

The Australian dollar rallied today, though currently, it has trimmed its gains. While the rally happened after a surprisingly positive retail sales report came out, the currency did not rally immediately following the release, therefore it cannot be said with certainty that the report directly contributed to the strength of the Aussie. Whatever the case may be, the Australian currency will have a hard time maintaining gains as the market […]

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