The New Zealand dollar was stable today. While it moved a little lower against some of its rivals, the kiwi for the most part did not go far from the opening level.…
NZ Dollar Stable During Thursday’s Quiet Trading
November 26, 2020
Posts published in “News”
GBP/CAD Closing In on the 1.7567 Resistance
November 26, 2020
The Great Britain pound versus the Canadian dollar currency pair seems to be on its way to the main objective of 1.7567. Long-term perspective After the false piercing of the 1.7567 resistance, noted by the 1.7674 high,…
The US dollar is trading relatively flat against multiple major currency peers, mainly due to the plethora of mixed economic data that were released ahead of the American Thanksgiving holiday. In focus…
Bears Pausing or Preparing Sharp Resume on AUZ/NZD?
November 25, 2020
The Australian versus the New Zealand dollar currency pair seems to be under decisive bearish dominance. Can the bulls make their way to 1.0707? Long-term perspective After the 1.0566 low validated…
Euro Rallies on Upbeat German GDP and IFO Business Climate Data
November 24, 2020
The euro today surged against the dollar boosted by the upbeat German Q3 GDP report released early in the European session and positive investor sentiment. The EUR/USD currency pair later fell as the dollar recovered…
Canadian Dollar Strengthens as US Crude Tops $45, Biden Transition Formally Approved
November 24, 2020
The Canadian dollar is strengthening against its US peer on Tuesday as crude oil prices rallied to above $45. The loonie has surged by more than 1% this month, making the currency…
Yen Falls vs. Commodity Currencies, Holds Ground vs. Majors
November 24, 2020
The Japanese yen fell versus commodity currencies but managed to hold its ground against other most-traded currencies today. Markets remained under the impact of the positive coronavirus vaccine news, which…
Australian Dollar Joins Rally in Risk-On Environment
November 24, 2020
The Australian dollar joined the rally of its New Zealand counterpart amid the risk-on market sentiment. There were no macroeconomic reports released in Australia today, while yesterday’s data was positive.…
NZ Dollar Strongest After Letter from Finance Minister to RBNZ
November 24, 2020
The New Zealand dollar was the strongest among the most-traded currencies on the Forex market today. The most likely reason for such a great performance was the request made to the central bank’s chief by the finance minister.…
Bulls Still Untouched on GBPUSD After 1.3398 High?
November 24, 2020
The Great Britain pound versus the US dollar currency pair may fall in bearish hands. But will the bulls allow this? Long-term perspective After the low of 1.2075 validated the firm support…