The Chinese yuan is now testing its best level in more than two years against the US dollar. As China becomes the lone outlier in the global economy when it comes to the recovery,…
Posts published in “News”
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…
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…
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…
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…
Buying an investment property is a significant way to earn passive income and build wealth. As an investor, choosing the right investment assets can provide…
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…
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…
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…
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…