Day: November 16, 2020

November 16
2020

US Dollar Weakens As Moderna Announces 94% Effective Coronavirus Vaccine

The US dollar is weakening to start the trading week after another pharmaceutical giant announced a second effective coronavirus vaccine. The news lifted the financial markets across the board, elevating investors’ risk appetite. This led to a selloff in the greenback, almost guaranteeing that the buck is headed for one of its worst years on record. On Monday, Moderna confirmed that its phase three trial data showed that its COVID-19 vaccine […]

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November 16
2020

Euro Rallies on Asian Nations Trade Deal Later Falls on ECB Speeches

The euro today alternated between gains and losses and gains against the dollar rallying on the news such as the trade deal between China and 14 Asia-Pacific countries. The EUR/USD currency pair later gave up most of its gains after speeches from several European Central Bank policymakers that were quite dovish later in the day. The EUR/USD currency pair today surged to a high of 1.1868 in the early Frankfurt session before falling to a low […]

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November 16
2020

What happens when you finish paying off your home?

Mortgages feel like an endless future when you win one.  Thinking about paying hundreds of thousands of dollars over ten to thirty years may sound like a ball and chain weighing you down: but this time passes.  Almost seventy percent of Americans live mortgage-free after the time passes, which means it’s an attainable goal.  Instead […]

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November 16
2020

Bulls on AUD/USD Still Heading for 0.7413?

The Australian versus the US dollar currency pair seems to have been taken by surprise by the bulls. Are the bears strong enough to defend 0.7320? Long-term perspective After the level of 0.6386 was validated as support, the price appreciated until the next firm resistance, 0.7010. Following the consolidation phase that sits under 0.7010, the level was pierced, and the price continued the upwards movement until reaching the 0.7413 high. From there, the price slipped […]

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