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- December 11, 2020 USD/JPY 104.57 High Starting a New Bearish Leg?
Author: admin_mm
November 172020
Can the Bulls Take Out the High of 1.3313 on GBP/USD?
The Great Britain pound versus the US dollar currency pair seems to be willing to go north, but do the bulls have what it takes to push the price higher? Long-term perspective From the low of 1.2075, which validated the support of 1.2092, an ascending trend came into being. The trend managed to extend until just a little under the 1.3502 intermediary level. However, as the bulls extended a little too much and too quickly […]
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November 162020
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 162020
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 162020
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 162020
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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November 132020
Euro Rallies on Upbeat Sentiment and Mixed Euro Area Macro Prints
The euro today rallied against the dollar due to the positive investor sentiment, which saw risk assets rally despite the coronavirus situation in Europe. The EUR/USD currency pair’s rally was also boosted by the upbeat inflation reports from Spain and France despite other disappointing macro reports. The EUR/USD currency pair today rallied from a low of 1.1799 in the Asian session before rallying to a high of 1.1834 in the mid-European market and was near these […]
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November 132020
Indian Rupee Rises As Trade, Sliding COVID-19 Cases Support EM Currency
The Indian rupee is attempting to muster up some momentum to finish the trading week amid positive economic data and improving COVID-19 cases. The rupee, which has struggled since the height of the market meltdown earlier this year, has joined the broader weakness in emerging markets. But with renewed risk appetite and a potential vaccine on the way, could the rupee enjoy a better 2021? According to the Ministry of Commerce and Industry, India posted a trade […]
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November 132020
The true cost of Christmas and the true benefits of saving
Christmas will probably feel a lot different this year. It remains to be seen whether we will be able to congregate in our usual large groups of family and friends and our festivities may feel a little muted. What will probably still happen, however, is kids will want their toys. Voucher Codes have estimated that […]
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November 132020
NZ Dollar Weakest on Waning Optimism, Poor Domestic Data
Commodity currencies were among the weakest on the Forex market today as the optimism caused by the news about a coronavirus vaccine continued to wane. The New Zealand dollar was the biggest loser, falling even against its commodity-linked counterparts. Negative domestic macroeconomic data put additional pressure on the currency. Statistics New Zealand reported that the food price index fell by 0.7% in October after dropping by 1.0% in the previous month. With seasonal adjustments, […]
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November 132020
USD/JPY Resuming the Fall from 105.67?
The US dollar versus the Japanese Jen currency pair seems to have lost its steam. Are the bears just around the corner? Long-term perspective The high of 109.85 is the start of a drop that extended until the intermediary level of 103.15. Along this path, the bulls attempted several recoveries, but, as it can be seen from the string of lower highs and lower lows, they all ended as new bearish opportunities. However, […]
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