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- December 11, 2020 USD/JPY 104.57 High Starting a New Bearish Leg?
News
June 292020
Euro Rallies Against on Positive Sentiment and Releases, Later Falls
The euro today rallied against the US dollar during the first half of today’s session before turning lower later and giving up most of its gains to trade flat for the day. The EUR/USD currency pair’s behaviour was primarily influenced by the investor risk appetite of lack thereof as well as the mixed releases from across the euro area. The EUR/USD currency pair today rallied to a high of 1.1287 in the mid-European session before falling to a low of 1.1219 […]
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June 292020
Sterling Soft on Brexit Fears, Government Spending Plans
The Great Britain pound was extremely weak today, falling against all other most-traded currencies with the exception of safer ones, like the Japanese yen and Swiss franc (but not the US dollar, which outperformed the sterling). According to market analysts, the main reasons for the drop were Brexit fears and concerns about government spending plans. UK Prime Minister Boris Johnson pledged to increase infrastructure spending, arguing that it […]
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June 292020
US Dollar Lackluster As COVID-19 Optimism, Strong Housing Data Weaken Safe-Haven Appeal
The US dollar is failing to muster up any momentum to kick off the trading week after experiencing a brief resurgence in recent sessions. The greenback is being weighed down by optimism that the latest surge in coronavirus cases could be easing and strengthening real estate data. According to the National Association of Realtors (NAR), pending home sales skyrocketed 44.3% in May, the biggest one-month jump in US history. The market had penciled […]
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June 292020
Japanese Yen Opens Higher, Turns Lower Afterward
The Japanese yen started the trading week higher versus other most-traded currencies but has reversed its movement afterward and is currently trading far below the opening level against basically all other major rivals. Market analysts explained the moves by the improving market sentiment, though, in the longer-term, the outlook remains favorable to the currency. Safe-haven currencies, like the US dollar and the Japanese yen, were on the defensive today, retreating against its […]
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June 292020
Bulls on AUD/USD Fighting to Keep Gains at 0.6873
The Australian dollar versus the US dollar currency pair is under bearish pressure. Is it just a matter of time for them to win? Long-term perspective The ascending trend that started from the 0.5701 low seems to have ended at the 0.7064 peak, as the support trendline got pierced. However, the bulls are hesitating on letting the bears have easy success. But as far as the bulls are concerned, they are still in advantage, even […]
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June 262020
Pound Plunges to 4-Week Lows on Brexit Jitters, Rising COVID-19 Cases
The Sterling pound today fell to new 4-week lows against the US dollar given the empty UK docket and the prevailing risk-off market sentiment, which favoured the dollar. The greenback’s rally triggered the GBP/USD currency pair’s crash amid a confluence of negative factors that weighed on the pound, including fears of a no-deal Brexit. The GBP/USD currency pair today fell from a high of 1.2436 in the Asian session to a low of 1.2314 at the opening of the American markets but […]
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June 262020
Chinese Yuan Flat As IMF Forecasts Economic Growth in 2020, 2021
The Chinese yuan is flat against most of its currency rivals at the end of the trading week, despite a new report that suggests Chinaâs economy will buck the global trend and grow this year. China recently kickstarted its economic rebound, but early data indicators highlight that Beijingâs efforts are only producing a slow recovery. In 2020, the global economy is projected to contract 4.9% due to the coronavirus pandemic […]
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June 262020
Can the Bulls Confirm 107.00 as Support on USD/JPY?
The US dollar versus the Japanese yen currency pair seems to have recovered, but is the recovery sustainable? Long-term perspective The fall from the 109.85 high extended to the 106.12 intermediary support. From there, a bullish engulfing candlestick pattern formed, one that took the price above the 107.00 psychological level. The interesting part is that this pattern came after the previous failure of the bulls to keep the price above this level, […]
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June 252020
PERSONAL LIABILITY INSURANCE- PLUMBING INSURANCE FOR PLUMBERS
Self-employed can have numerous advantages however one of the hindrances is that in case you can’t work, you quit winning a pay. In case you’re out of nowhere not ready to work because of injury or ailment, individual mishap and ailment spread methods you’ll keep on getting a part of your normal pay during that […]
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May 252020
Chinese Yuan Slips as US Threatens Sanctions on China Over Hong Kong
The Chinese yuan is extending its losses to jumpstart the holiday-shortened trading week. The currency is falling against its rivals on Monday after the White House threatened to slap sanctions on China over the governmentâs proposed implementation of national security laws on Hong Kong that reportedly threaten its autonomy. The heightened tensions come as the worldâs two largest economies escalate their war of words over trade. Whether this is a new […]
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