- December 21, 2020 Do we get tax benefits on Personal Loan?
- December 18, 2020 The solicitors Preston depends on for stress-free compensation claims
- December 16, 2020 eToro: History and Key Features
- December 11, 2020 Canadian Dollar Pauses 2020 Rally Against US Peer Amid Falling Crude Prices
- December 11, 2020 Pound Crashes Against Dollar As No-Deal Brexit Appears Imminent
- December 11, 2020 USD/JPY 104.57 High Starting a New Bearish Leg?
Day: May 8, 2020
May 82020
Canadian Dollar Rallies Against US Peer on US/Canadian Jobs Data
The Canadian dollar today rallied against its Southern neighbour after the release of jobs data from both countries with some prints beating analysts’ estimates. The USD/CAD currency pair today printed news lows as US non-farm payrolls disappointed causing the greenback to lose ground against the loonie amid higher oil prices. The USD/CAD currency pair today fell from a high of 1.3976 at the Asian open to a daily low of 1.3909 […]
Read more
May 82020
US Dollar Weakens As Economy Lost Historic 20.5 Million Jobs in April
The US dollar is weakening against most of its G10 currency counterparts at the end of the trading week. All eyes were focused on the April jobs report as the national economy lost more than 20 million jobs last month. Is the worst over, or is the US bracing for the real economic storm? According to the Bureau of Labor Statistics (BLS), the US lost 20.5 million jobs, which was lower than the median estimate […]
Read more
May 82020
Australian Dollar Remains Strong After Economic Forecast
The Australian dollar remained firm today, being one of the strongest currencies on the Forex market, second only to the New Zealand dollar. The Australian central bank released its economic projections on Friday. While they were pessimistic in the short term, over the longer term the projections were fairly positive. The Reserve Bank of Australia released the Statement on the Monetary Policy today. As part of the release, the RBA provided updated economic projections. The country’s gross domestic […]
Read more
May 82020
Japanese Yen Weakest on Forex After US-China Trade Talks
The Japanese yen was the weakest currency on the Forex market today after the market sentiment improved, limiting demand for the currency in its role as a safe haven. Traders felt more optimistic after the seemingly positive developments in the trade talks between the United States and China. Relations between the USA and China strained as US President Donald Trump was accusing the Asian nation of mishandling the coronavirus epidemic and withholding information about it, which led […]
Read more
May 82020
USD/JPY Heading for the 105.55 Major Support
The US dollar versus the Japanese yen currency pair is approaching the weekly support level of 105.55. How may the market react? Long-term perspective After falling from the 111.70 high, the price extended until the 107.09 level, which served as support almost for the entire length of April. As the market was printing lower highs and the bulls were showing less and less conviction to drive the price higher, the expected outcome happens, as the price pierced […]
Read more