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Day: July 7, 2020
July 72020
Euro Crashes on Risk-Off Sentiment, Recoups Losses on Better Mood
The euro today fell against the US dollar during the Asian session, driven by the risk-off market sentiment that saw most Asian equity markets selloff. The EUR/USD currency pair recovered some of its losses during the European session despite the mixed releases from across the euro area. The EUR/USD currency pair today fell from a high of 1.1332 in the Asian session to a low of 1.1259 after the European open before recouping some […]
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July 72020
Japanese Yen Flat Amid Slumping Household Spending, Yield-Curve Control
The Japanese yen is trading relatively flat against many of its major currency counterparts on Tuesday. The yen has been struggling to find direction so far this week as household spending data disappointed and investors try to weigh the central bankâs decision to embark upon a policy of yield-curve control. Although Japan was able to flatten the coronavirus curve, it has reported a renewed uptick in confirmed cases. Will the worldâs third-largest […]
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July 72020
GBP/USD Facing the 1.2514 Resistance
The Great Britain pound versus the United States dollar currency pair made a great recovery, but will the bulls be able to conquer 1.2514 as well? Long-term perspective The rally from the 1.1409 low, which confirmed the 1.1476 important support level, managed to pass the equally important 1.2092 area but was halted by 1.2514, both attempts of passing it failing and printing the 1.2647 and 1.2643 highs, respectively. After retracing to 1.2092 […]
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