Day: July 14, 2020

July 14
2020

US Dollar Flat As Inflation, Business Optimism Jump in June

The US dollar is trading flat against multiple G10 currency rivals on Tuesday, as the government reported that inflation accelerated last month. The greenback has been struggling as of late due to greater confidence in the broader financial market. But with the four-month rally seemingly fading, can the buck take advantage and regain its momentum? It all depends on the coronavirus pandemic. According to the Bureau of Labor Statistics (BLS), the consumer price index […]

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July 14
2020

Bears Catching Up on GBP/USD from 1.2666?

The Great Britain pound versus the US dollar currency pair seems to be having trouble continuing the impulsive swing of the ascending trend. Is this just a minor correction, or it is the bears pressuring the market? Long-term perspective The strong rally that came into being after the confirmation of 1.1476 as support extended to as high as 1.2647. What followed was a retracement that validated the strong support level of 1.2092, the price continuing to rise […]

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