The New Zealand dollar traded largely flat today, though it managed to gain on some of the majors, including the US dollar. The kiwi got a boost from positive domestic macroeconomic data as well…
Posts published in “News”
Japanese Yen Weak Despite Positive Domestic Reports
The Japanese yen was weak today even though domestic macroeconomic data released on Monday was good. There was no clear theme to drive markets at the start of the week. The week should…
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…
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…
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…
Popular Investor Risk Requirements
A popular feature on trading platforms, especially with social trading, is the Popular Investor Program. Usually consisting of different levels, investing on a certain platform…
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…
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…
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.…
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…