The U.S. dollar strengthened slightly against a basket of currencies at 93.339 on Monday, trading just above a two-year trough. It also traded at 105.75 against the Japanese Yen, soaring above the recent low of 104.17. But the dollar faced stiff resistance at 106.46. Even though the greenback tried to continue its rally, it struggled …
The dollar firmed on Monday, but it was still lower Read More »
The U.S. dollar tried to continue rallying on Monday, but it struggled after the longest losing streak in a decade. Recent declines left the greenback vulnerable. The market was also structurally short of dollars. On Friday, a better payroll report pushed Treasury yields higher into this week’s massive $112 billion debt sale. However, it still …
U.S. dollar struggled to continue rally Monday. Why’s that? Read More »
The sterling lowered to $1.2557 on Thursday. Traders are waiting for a Bank of England meeting, which is scheduled this week. They expect policymakers to expand quantitative easing due to a struggling economy and rocky trade negotiations with the European Union. The British pound was little changed at 89.65 pence against the euro. The Bank …
Sterling declined on Thursday. What about Euro and Dollar? Read More »
The U.S. dollar and the Japanese yen climbed up on Thursday as investors’ demand on safe-havens increased due to the new coronavirus outbreaks. The greenback traded at $1.1256 per euro after gaining 0.2% in the previous session. It also bought 0.9493 Swiss francs, holding onto a 0.3% gain on Wednesday. Meanwhile, the yen edged up …
Safe-haven currencies in demand. What about Euro and Yuan? Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. NZDJPY The Japanese yen finally regains its footing in the forex scene. The New Zealand dollar to Japanese yen exchange rate eases this week after registering consecutive gains in the previous sessions. Based on …
The Japanese yen jumped against major currencies on Friday. Investors awaited U.S. President Donald Trump’s response to China’s passing of a national security law for Hong Kong. Uncertainty on FX markets caused a boost for safe-haven currencies. However, the U.S. dollar lowered by 0.4% against the Japanese currency, at 107.17 yen. Even though the situation …
Japanese yen soared on Friday. What about other currencies? Read More »
The Euro continued gaining on Friday, hitting a two-month high. It jumped up by 0.2% to $1.111, reaching its highest point since March 30. The common currency got a boost following the European Commission’s stimulus plan issued earlier this week. After the 750 billion-euro coronavirus recovery fund fuelled optimism about the eurozone economy, the Euro …
The Euro hit new high while the British pound declined Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPJPY Trading just above the 200-day moving average, the GBPJPY pair within a tight range this week as bulls and bears engage into a tug-o-war, although the sentiment is largely bearish. The sterling appears …
The euro gained significantly after bulls traded the U.S. dollar after the coronavirus spread in America. The currency was last up to $1.1158. Before that, it reached its two-month high on Tuesday. Meanwhile, the sterling lowered against the euro. It bought $1.2819. The euro was traded versus the sterling at 87.07 pence. This point is …
Euro and Yuan hit high; the Yen rose against the U.S. Dollar Read More »
The Chinese yuan hit a six-week high of 6.9288 per dollar in the onshore market. The currency managed to rise despite the bad data about China’s services sector. According to the new report, the sector dropped down to its weakest point in February. Such numbers are the result of coronavirus’ impact on the country’s economy. …
Chinese Yuan Gains while the U.S. Dollar Continues Downfall Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. NZDCAD Serving as a solid support line, the 200-day moving average has been used by the NZDCAD pair to rebound up after previously struggling and slipping down. After the signing of the phase one …
Daily Market Charts and Analysis January 16, 2020 Read More »
The Chinese yuan retreated after the US Treasury withdrew China’s currency manipulator label ahead of the phase one trade deal’s signing ceremony. The offshore yuan posted a five-month high of 6.8662 earlier in the session, before easing to trade at 6.8848 per dollar. The onshore yuan ended domestic trading at 6.8854 per dollar to record …
Yuan Recedes ahead Phase One Trade Deal | WibestBroker 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 been trading in the red in the previous two sessions but still near the two-month highs that it recently recorded. The potential downside risks from the global trade conflicts appear …
Daily Market Charts and Analysis January 13, 2020 Read More »
The trade war between the U.S. dates back to 2018. The dispute between the two largest economies in the world created many problems for the global economy. It is not surprising because, in the modern world, where everything is connected, it is hard to avoid serious issues. It is important to mention that distrust between …
The “Phase one” trade deal and its influence on the economy Read More »
U.S. economy grew in 2019. Moreover, the economy is growing for more than ten years. Stocks benefited from the situation. However, several risk factors may affect the stock markets in 2020. One of the biggest issues which may have a dramatic impact on the stocks is the trade war between the U.S. and China. The …
