The EUR/USD pair has stabilized above 1.10 mark amidst trade pessimism. At the moment, dollar is enjoying a safe haven position even as euro continues to struggle as a result of a dimmer scenario for exports from Germany to China. Earlier Beijing had expressed optimism regarding removal of duties, but has now gone silent. The EUR/USD pair is struggling owing to...
The USD/JPY pair on Monday, 11th November was trading at 108.945 which indicates a mixed trend. As far as the Yen is concerned, it is currently under pressure against a resurging USD. The strength of the US Dollar comes as a result of Fed’s disinclined approach towards underwriting multiple rate of interest cuts, in view of the strong American economy and the...
As far as GBP/USD pair is concerned, it is currently hovering within 1.2751-1.2816 range and may soon drop to 1.2708. For United Kingdom, the 3rd quarter growth has been positive, but they have missed the market expectations. UK’s economy rose by 0.3 percent in the 3rd quarter, but the YoY figure dropped to 1.0 percent from 1.3 percent. The Sterling may drop...
BTC/USD has moved down and broken the key $10,000 as well as $9,800 support levels. In fact, the pair formed a new low at $9,300 and consequently the price is consolidating losses at present. This means the price of Bitcoin is clearly witnessing a downtrend under $10,000. There can be a correction on the upside in short-term, but $9,800 as well as $10,000 levels...
The GBP/USD pair broke under the 1.21 level in view of the current constitutional crisis even as MPs have returned to the parliament. The pair continued to hover around the intra-day lows at 1.2090. Although, it must be noted that the US was away for the Labor Day, hence the liquidity could have been an issue. Ultimately, money is likely to flow into the Treasury...
The USD/JPY pair is struggling to find some direction despite dollar's present rally. The pair has surpassed the 106.30 levels and is now eyeing the 106.50 mark. It is expected that the FOMC will be cutting the rate by 25bp during its meeting in the month of September in view of the rising trade tensions as well as further drops in growth globally.Apart from the...
Currently trading at close to 1.0987, the EUR/USD has witnessed a 1.35 percent drop in the previous week. At the moment, investors are patiently waiting to listen to the speech of ECB’s President Lagarde, which may once again push the pair lower. More and more traders are looking to sell the pair in the wake of the ongoing increase in the USD as opposed to its...
