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Japanese Yen Soft After Economic Data, Japan-UK Trade Agreement
The Japanese yen was trading either flat or lower against most other currencies, though it managed to gain on the US dollar. Japanese macroeconomic data released on Friday was mixed. The big…
104.34 Low on USD/JPY a Double-Edged Sword?
The United States dollar versus the Japanese yen currency pair, at this moment, may very well be treasured by both bulls and bears. However, only one party is to be right.…
The US dollar is looking for direction on Thursday as initial jobless claims and the Congress unable to strike a coronavirus stimulus and relief deal. The greenback has been trending downward this month following a rally…
German Consumer Climate Deteriorates, Euro Weaker as Traders Expect Fiscal Stimulus in USA
The euro fell against the US dollar and was trading flat or lower versus other most-traded rivals. Market analysts thought that the euro’s weakness was mostly a result of the dollar’s strength as speculators…
Chances for Bulls to Validate 1.7285 as Support on GBP/CAD?
After the rally to 1.7285, would the level cede in front of the bullish momentum or serve as the perfect spot for the bears to short the market at a very good price? Long-term perspective After the price validated the major level…
The Turkish lira is strengthening to its best level in two weeks against the US dollar. The lira, which recently crashed to a fresh all-time low, is finding support on widespread expectations that…
Bulls Searching for Support at 1.0707 on AUD/NZD?
The Australian versus New Zealand dollar currency pair retraced until the 1.0707 level. Are the bulls able to pull off another rise? Long-term perspective After validating 1.0013 as support, the price…
The US dollar erased its gains on Tuesday and deepened into negative territory after House Speaker Nancy Pelosi revealed that a coronavirus stimulus and relief package could be done by the dayâs…
GBP/USD Encountering Bearish Resistance at 1.3000?
The Great Britain pound versus the United States dollar currency pair seems to limit the bullish efforts. Are the bulls out of steam? Long-term perspective The rally that started from the 1.1476 firm…