The euro will end the month with a quiet yet significant bang. The European Union’s common currency will record its best monthly gain, at 4.7%. Although falling by 0.34 percent, it settled at 1.1752 per USD on Thursday. This is due to the drop in the European stock market driven by lukewarm revenues in the …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURUSD After breaking above the 50-day and 200-day moving averages, the pair has continued to go up the daily charts. The sentiment is still largely bearish for the pair, and the steep gains in …
The U.S. dollar index, which tracks the greenback against a basket of other currencies, lowered by 0.1% to 99.727 on Friday. The dollar rallied during the last weeks partly due to its safe-haven status. But also thanks to the recent data, which showed that the U.S. economy stays strong. However, the recent statements about the …
U.S. dollar falls after recent rally. What caused drawback? Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPAUD The British pound traded in the red previously, but prices still lie above the 50-day moving average. The Australian dollar is currently facing intense pressure by the increasing Australian unemployment and ongoing uncertainty …
Daily Market Charts and Analysis February 20, 2020 Read More »
The New Zealand Dollar declined on Friday due to the investors’ risk-off tactic. Experts and traders continue to monitor coronavirus’s outbreak closely. So far, the death rate is growing, which, on the other hand, prompts investors to move on safe-haven currencies. As China is New Zealand’s major trading partner, such a situation influences New Zealand’s …
New Zealand Dollar fell against U.S. dollar. Euro stays low Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURNZD The euro is gaining ground against the New Zealand dollar, with the price recovering from a recent slump just above the 50-day moving average. The Reserve Bank of New Zealand is almost certain …
Daily Market Charts and Analysis February 07, 2020 Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURGBP The pair appears to be gaining momentum to the upside now, with the euro trading in the green against the British pound and recovering from the two-month low it hit last week. Overall, …
Daily Market Charts and Analysis January 29, 2020 Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPUSD The pair has been sliding for five consecutive sessions, falling from its December 16 highs and breaking below the 50-day moving average, which could be used by the bulls to prop the royal …
Daily Market Charts and Analysis December 24, 2019 Read More »
The Australian money is doing great in trading sessions courtesy of the country’s strong local jobs data. The New Zealand dollar, the Aussie’s neighbor, is also seen soaring through today’s trading. Just yesterday, the country’s Bureau of Statistics delivered splendid figures in its November jobs report. Australia’s employment change went up from -19.0k in October …
Good Jobs Data Propels the Australian Money | Wibest Read More »
The Australian money collapses in forex trading yesterday following the alarming tone of the RBA on its meeting minutes. The Reserve Bank of Australia released its official minutes earlier this week, Monday, which worried investors about the country’s economy. In its latest monetary policy meeting this month, the reserve bank spared AUD traders and opted …
Australian Money Crumbles, RBA Hints February Easing Read More »
After traders digested the information on the RBA’s meeting minutes, the Australian money immediately contracted in sessions. But prior to today’s mess up, the Aussie was benefiting from trade war pessimism. Aside from that, the lackluster figures from the Australian economy are making it hard for the Aussie to stay firm. Yesterday, the Australian Bureau …
RBA Leaves Room for February Cuts, Australian Money Slips Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDCAD The pair has plummeted steeply in the previous sessions, and it still continues to trade in the red. It has broken below the 200-day and 50-day moving average and is on its way …
Daily Market Charts and Analysis December 05, 2019 Read More »
The greenback fights to recover some of its losses from yesterday’s weak manufacturing data. News from Trump’s new tariff announcement isn’t also making it better for the buck in today’s sessions. Yesterday, the United States Institute for Supply Management released the November factory PMI results. Traders were discouraged as the sector remains in contraction territories …
The Greenback Struggles to Recover from Weak Economic Data Read More »
The upbeat results from the Chinese manufacturing PMI report were not good enough to bolster the yuan in sessions. The yuan had a bad run yesterday against the greenback, aussie, and kiwi. The CNY CNH or yuan to yuan offshore exchange rate flatlined at -0.02% or 0.0002 points on Monday. The greenback was quick to …
Chinese Manufacturing Data Fails to Lift Yuan | Wibest Read More »
The Chinese yuan dives this Monday after the People’s Bank of China (PBOC) decides to skip its repo rate cut earlier. Aside from that, the significant rebound in the country’s manufacturing activity wasn’t enough to bolster the currency in sessions. The PBOC said that there is still enough liquidity in the country’s banking system, so …
Chinese Yuan Plunges, No Repos and Factory PMI Bounces Read More »
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