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Author: admin_mm
November 302020
Bulls Still on Course to 0.7587 on AUD/USD?
The Australian versus the US dollar currency pair seems to be escaping the bearish force that rests between the 0.7300 and 0.7400 areas. Did the bears really give up? Long-term perspective After the 0.6386 level was validated as support, the price continued the movement toward the north. After two consolidation phases, the quotation achieved etching the 0.7413 high. However, after reaching it, the bears started pressuring the bulls with enough determination […]
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November 282020
How to deal with debt collectors?
A lot of times people are caught unprepared when debt collectors knock on their door. Knowing their and your rights are important – it can help you to react appropriately and to be familiar with the following steps in legal procedures. Through the whole process be active and careful, otherwise, you might end up paying […]
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November 272020
USD/INR Tops 74.00 As Q3 GDP Contracts, COVID-19 Infections Jump
The Indian rupee is weakening against its US peer at the end of the trading week, driven mostly by the continuing economic contraction and the rising number of coronavirus infections. The rupee has joined the rest of the emerging market currencies by slumping in 2020 amid the financial crisis. But with growing confidence in the broader financial market, the rupee has found support among EM currencies in November. According to the Ministry of Statistics and Programme Implementation (MOSPI), the Indian economy […]
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November 272020
Euro Rallies to 3-Month Highs on Upbeat Euro Area Data Releases
The euro today rallied to new highs last seen on September 1st against the weak dollar boosted by upbeat macro reports from the euro area. The EUR/USD currency pair today rallied higher boosted by the upbeat French GDP report and other positive data from other EU countries. The EUR/USD currency pair today rallied from a low of 1.1909 in the Australian market to a high of 1.1961 in the early American session and was trading near […]
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November 272020
Did the Bears Clear the 105.09 Level on USD/JPY?
The US dollar versus the Japanese yen currency pair seems to be set for 103.15. Is this really so? Long-term perspective After it peaked at 109.85, the price fell under the resistance level of 109.08, extending all the way to 106.07 before crafting the next peak at 108.16, slightly above the 108.05 intermediary level. From the 108.05 peak, the price developed the oscillations in such a manner that it formed a descending trend, one […]
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November 262020
Euro Plunges on Weak German GfK Survey and Dovish ECB Minutes
The euro today fell against the dollar following the release of the weak Germany GfK survey early in the European session combined with the risk-off market sentiment. The EUR/USD currency pair today fell even though US markets were closed for the Thanksgiving Day celebrations as investors bought the safe-haven greenback. The EUR/USD currency pair today rallied to a high of 1.1940 in the early Frankfurt session before falling to a low of 1.1885 in the early American market then […]
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November 262020
Chinese Yuan Firms As PBoC Signals Flexible, Targeted Monetary Policy
The Chinese yuan is firming against multiple currency peers during the quiet holiday Thanksgiving trading session. The yuan has been strengthening since peaking at around 7.1 against the US dollar. It is likely to extend its winning streak to the end of the year after the central bank signaled that it would adjust its monetary policy directives. But how much longer will officials allow the yuan to appreciate, […]
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November 262020
Aussie Flat, Ignores Negative Domestic Macroeconomic Data
Macroeconomic data released in Australia on Thursday was not good but that hardly affected the Australian currency. The Aussie was trading flat against all of its most-traded peers as trading was very quiet due to a holiday in the United States. The Australian Bureau of Statistics reported that private capital expenditure dropped by 3.0% in the September quarter from the previous three months. The actual drop was two times bigger than the forecast […]
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November 262020
NZ Dollar Stable During Thursday’s Quiet Trading
The New Zealand dollar was stable today. While it moved a little lower against some of its rivals, the kiwi for the most part did not go far from the opening level. Trading is going to be quieter than usual on Thursday and Friday due to the Thanksgiving holiday in the United States. Statistics New Zealand reported that the trade balance logged a deficit of NZ$501 million in October, matching market expectations. The previous […]
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November 262020
GBP/CAD Closing In on the 1.7567 Resistance
The Great Britain pound versus the Canadian dollar currency pair seems to be on its way to the main objective of 1.7567. Long-term perspective After the false piercing of the 1.7567 resistance, noted by the 1.7674 high, the price dropped until the 1.6810 low. From there, an ascending movement took shape, as the series of higher lows and highs point out. The fact that the bulls are willing to — and apparently accomplishing — wipe out the sharp decline that […]
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