Day: October 2, 2020

October 2
2020

Euro Falls Against Dollar on Risk-Off Mood, Non-Farm Payrolls

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 […]

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October 2
2020

Sterling Pound Rallies As Boris Johnson Acts to Save Brexit Talks

The 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 […]

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October 2
2020

US Dollar Rises Amid September Jobs Report, Trump Testing Positive for COVID-19

The 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), […]

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October 2
2020

Possible Leg Down on USD/JPY from the 105.80 High?

The 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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