The euro today fell against the dollar reversing all of yesterday’s gains driven by the risk-off market sentiment after US President Donald Trump tested positive for COVID-19. The EUR/USD currency pair’s decline was further fueled by the weak inflation data from the euro area, which could derail the bloc’s economic recovery. The EUR/USD currency pair today fell from an opening high of 1.1744 in the Australian market to a low of 1.1696 shortly after […]
Read moreThe Sterling pound today rallied against the dollar after the British Prime Minister intervened to try and save the Brexit talks, which seem to be falling apart. The GBP/USD today rallied higher despite the lack of macro releases from the UK docket as the positive Brexit developments boosted investor sentiment towards the pound. The GBP/USD currency pair today rallied from a low of 1.2836 in the mid-Asian session to a high of 1.2953 during the London session and was […]
Read moreThe US dollar is holding its gains to finish the trading week as investors get spooked by a worse-than-expected September jobs report. But the main headline maker is that President Donald Trump and the First Lady tested positive for COVID-19. This was the curveball tossed into the broader financial market with a month to go until the 2020 election. How will the buck react in the coming days? According to the Bureau of Labor Statistics (BLS), […]
Read moreThe US dollar versus the Japanese yen currency pair seems to be lacking traction to reach 106.12. Are the bears just around the corner? Long-term perspective The depreciation from the 111.71 high lead to a more or less sideways movement which, from the 109.85 lower high, ebbed and crafted the low of 104.18. From the 104.18 low, a new side sideways movement started, one contained by the 107.00 and 105.09 levels, respectively. After the support was […]
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