- December 21, 2020 Do we get tax benefits on Personal Loan?
- December 18, 2020 The solicitors Preston depends on for stress-free compensation claims
- December 16, 2020 eToro: History and Key Features
- December 11, 2020 Canadian Dollar Pauses 2020 Rally Against US Peer Amid Falling Crude Prices
- December 11, 2020 Pound Crashes Against Dollar As No-Deal Brexit Appears Imminent
- December 11, 2020 USD/JPY 104.57 High Starting a New Bearish Leg?
News
March 132020
Canadian Dollar Surges As BoC Announces Surprise 50-Basis-Point Cut
The Canadian dollar is rallying to close out the trading week after the Bank of Canada (BoC) announced a surprise 50-basis-point cut to interest rates. This comes one week after the central bank imposed a 0.5% reduction that mirrored the Federal Reserveâs recent emergency action. The BoC confirmed that it is not done, signaling that it is ready to do more if it is necessary. BoC head […]
Read more
March 132020
Chinese Yuan Rebounds As PBoC Unveils Additional Stimulus Measures
The Chinese yuan is rebounding at the end of the trading week, buoyed by the central bankâs recent stimulus measures to stimulate the worldâs second-largest economy as the country tries to return to normal. The yuan had breached the crucial 7 mark against the US dollar this week, but the currency might recover amid encouraging economic progress. On Friday, the Peopleâs Bank of China (PBoC) announced a $79 billion stimulus push to help the nationâs private sector recover […]
Read more
March 132020
Euro Sidelined by Coronavirus Despite In-Line German Inflation Data
The euro today traded with a negative bias against the US dollar extending its losing streak for the fourth straight session as the risk-off sentiment dominated markets. The EUR/USD currency pair’s performance was also negatively affected by the rising coronavirus cases globally, which has seen investors buy the safe-haven greenback. The EUR/USD currency pair today rallied to a high of 1.1221 in the Asian session before falling to a low of 1.1143 in the mid-European session and was […]
Read more
March 132020
Can USD/JPY Maintain Recovery Above 105.55?
The US dollar versus the Japanese yen currency managed to get above the important weekly level of 105.55. Is this a sustainable recovery? Long-term perspective The strong depreciation that came about after the confirmation of the double resistance, made possible by the upper line of the ascending channel and the level of 112.25, extended to as low as the monthly support of 101.18. From 101.18, the price sharply appreciated, reaching the weekly support of 105.55. Even if the bears tried to confirm […]
Read more
March 122020
Pound Crashes Against Strong US Dollar as Global Equities Crash
The Sterling pound today fell against the US dollar driven by the risk-off market sentiment that dominated global markets amid a major equities sell-off. The GBP/USD extended its losing streak for the third consecutive day and printed new 2020 lows as investors shrugged off the stimulus package announced by the Bank of England yesterday. The GBP/USD currency pair today fell from an opening high of 1.2849 to a low of 1.2490 in the American session but was […]
Read more
March 122020
US Dollar Surges As Federal Reserve Set to Pump $1 Trillion Into Market
The US dollar is surging against nearly all major currency rivals on Thursday as investors seek shelter from the ocean of red ink flooding global financial markets. The greenback is rallying despite the Federal Reserve set to pump more than $1 trillion into the market amid the coronavirus outbreak wreaking havoc on everything and the oil price war just beginning. For the second day in a row, the US central bank announced market […]
Read more
March 122020
AUD/NZD Back Under 1.0361 Once Again
The Australian dollar versus the New Zealand dollar currency pair slid under the important support area of 1.0361. Will the previous lows hold afresh? Long-term perspective The depreciation that started after the level of 1.9837 was confirmed as resistance reached the weekly support of 1.0361. In January, the first bearish attempts were visible, as the low of 1.0307 was printed. After two unsuccessful attempts to stabilize the price under 1.0361, the bears decided to pull […]
Read more
March 112020
US Dollar Rallies Amid COVID-19 Global Pandemic Declaration
The US dollar is making a late-day rally against multiple currency competitors midweek after the World Health Organization (WHO) officially declared that the coronavirus is now a global pandemic. The greenback had been relatively quiet in the middle of the trading week, but investors fled to the traditional safe-haven asset following the international bodyâs announcement. WHO Director-General Dr. Tedros Adhanom Ghebreyesus confirmed at a headquarters news conference in Geneva the number of confirmed […]
Read more
March 112020
Euro Rises Then Falls on Rising Coronavirus Cases and Equities Sell-Off
The euro today rallied against the US dollar earlier in the session before falling later during the American session as the global equities sell-off deepened. The EUR/USD currency pair headed lower as European stock markets closed in the red and American markets opened lower later in the day. The EUR/USD currency pair today rallied to a high of 1.1366 in the early European session before falling to a low of 1.1257 in the American session and was near these lows at the time […]
Read more
March 112020
Chinese Yuan Rises As Financial Markets Brace for Chinaâs Reboot
The Chinese yuan is rising against the US dollar and is mixed against other currency rivals, midweek as global financial markets brace for Chinaâs reboot. With the death toll and the number of confirmed cases subsiding, Beijing is preparing to gradually return to normal. But just how bad was the coronavirus for the Chinese economy? The consensus is simple: expect the worst and hope for the best. It is estimated that the worldâs second-largest economy […]
Read more