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Day: November 4, 2020
November 42020
Euro Rallies Against Dollar as Biden Maintains US Election Lead
The euro today oscillated between gains and losses as US election officials continue to count votes in the tightly-contested US Presidential elections. The EUR/USD currency pair fell earlier today after President Donald Trump threatened to use the Supreme Court to stop vote-counting in some states. The EUR/USD currency pair today fell to a low of 1.1602 in the early Australian session following Trump’s comments before spending the rest of today’s session inching higher and was […]
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November 42020
US Dollar Surges As Trump Threatens Supreme Court Action Over 2020 Election
The US dollar advanced against many of its currency peers on Wednesday as the 2020 presidential election potentially becomes a contested affair. An official result was not announced, and many votes are still being counted in many key battleground states. With the historic race potentially being taken to the Supreme Court, financial markets are not reacting favorably. Former Vice President Joe Biden failed to emphatically defeat President Donald […]
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November 42020
AUD/NZD Thrust from 1.0592
The Australian versus the New Zealand dollar currency pair managed to rotate from the 1.0592 low, thus acknowledging the lower line of the descending channel. Long-term perspective The appreciation that started after the firm support level of 1.0013 was validated succeeded, in a first instance, to climb until the 1.0880 high. From there, the correction took it back to the 1.0566 low, from where a new appreciation commenced, etching the 1.1043 high. However, the 1.1043 […]
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