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Day: July 23, 2020
July 232020
Euro Falls Then Rallies Based on US Dollar Dynamics and Sentiment
The euro today fell against the US dollar earlier in the session before rallying higher later with its movements primarily driven by the greenback’s price dynamics. The EUR/USD currency pair’s was further encouraged by the positive investor sentiment around the â¬750 billion EU recovery fund, which was agreed on by European leaders at their summit. The EUR/USD currency pair today fell to a low of 1.1540 in the mid-European session before rallying to a high of 1.1626 […]
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July 232020
US Dollar Flat As Initial Jobless Claims Rise for First Time Since March
The US dollar is trading flat against its G10 currency rivals on Thursday after the US government reported that initial jobless claims rose for the first time since the start of the coronavirus pandemic. Does this mean the job situation is beginning to deteriorate? Or is this a blip on the radar? Financial markets are hardly reacting to the news in pre-market trading as the leading stock indexes are also relatively unchanged. According to the Department […]
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July 232020
GBP/CAD Undecided Around 1.7100 Area
The Great Britain pound versus the Canadian dollar currency pair seems to have trouble continuing the appreciation. Is this only a pause from the bulls or the bears are preparing their next movement? Long-term perspective After the appreciation from the 1.6542 low stalled at the firm 1.7567 level, the price began a descending movement that got very close to the important 1.6724 support level, printing the low of 1.6750. From there, the bulls tried […]
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