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Day: October 6, 2020
October 62020
Canadian Dollar Falls Against US Peer on Trump Stimulus Tweets
The Canadian dollar today gave up most of its gains against the US dollar as the latter rallied boosted by the risk-off market sentiment as stimulus hopes dissipated. The USD/CAD currency pair rallied higher during the American session as President Donald Trump dashed all hopes of a US stimulus deal ahead of the November 3 elections. The USD/CAD currency pair today rallied from a low of 1.3242 during the Asian market to a high of 1.3316 during […]
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October 62020
USD/TRY Retests 7.8 As Inflation Surges, Geopolitical Tensions Escalate
The Turkish liraâs recovery since hitting all-time lows against the US dollar and the euro has stalled. The currency is once again testing 7.8 per dollar amid ballooning inflation and rising geopolitical tensions in the region. Global financial markets have been apprehensive about Ankaraâs potential involvement in the Armenia-Azerbaijan conflict, with President Recep Tayyip Erdogan supporting Baku in the renewed battle. According to the Turkish Statistical Institute, the consumer price […]
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October 62020
Want To Become Independently Wealthy?
For many of us, living from payday to payday is standard practice. However, just getting by is no way to live. The idea of gaining financial independence is an attractive one, yet for many, even the possibility of being able to gain more control over money often sounds unrealistic. Nevertheless, it’s more possible than may […]
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October 62020
GBP/USD Back to the 1.3000 Level
The Great Britain pound versus the US dollar currency pair sits just under the 1.3000 psychological level. Where to from here? Long-term perspective The trend that started at the 1.2092 support, after the 1.2075 low was printed, managed to appreciate a hair away from 1.3502. However, as the retracement from 1.3502 failed to find support at 1.3261, the price fell beneath the triple resistance defined by 1.3261, the descending trendline, and the upper line of the ascending […]
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