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Day: December 8, 2020
December 82020
Euro Trades Sideways Against Dollar on Mixed Euro Area Releases
The euro today traded sideways against the dollar amid multiple rally attempts that were followed by pullbacks as the bulls and bears fought for control. The EUR/USD ended up trading flat driven by the mixed investor sentiment as both the dollar and euro tried to rally unsuccessfully. The EUR/USD currency pair today traded between a high of 1.2133 and a low of 1.2096 and was within this range at the time of writing. The currency pair’s performance today was driven […]
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December 82020
US Dollar Posts Modest Rise on Strong Manufacturing, Construction Data
The US dollar is recording modest gains on Tuesday as investors remain cautious in the broader financial markets. The greenback is mostly finding support on better-than-expected manufacturing and construction data, as well as traders finalizing their year-end positions. In November, the IHS Markit manufacturing purchasing managers’ index (PMI) came in at 56.7, up from 53.4 in October. This is in line with the median estimate. The US manufacturing sector reported gains in output, new […]
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December 82020
Bulls Reject from 1.3261 on GBP/USD
The Great Britain pound versus United States dollar currency pair seems, aside from governed by a lot of volatility, steered by the bulls. Long-term perspective The low of 1.2075, a false piercing of the firm support area of 1.2092, gave birth to an ascending trend that, as of writing, extended until the 1.3539 high. The 1.3539 high comes as a bullish victory after they had to retreat following the bearish pressure that, subsequent to the pin bar on September the 1st, […]
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