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It’s 100 days before the end of the Brexit transition, and economists are bound to put pressure on both sides of the agreement. Despite being a much bigger economy, the eurozone is projected to suffer the consequences if the United Kingdom does choose to walk away from the deal without a proper agreement. In fact, then president of the European council in 2016...

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It looks like the lira will continue its weakness due to the surprising decision from Turkey’s central bank made on Friday. Investors have been disappointed over expectations that it would raise its interest rate – now that it kept the rate as it is, investors will keep pushing the dollar up. Geopolitics, as well as the possibility of another coronavirus wave,...

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The United Kingdom seems to have been dangling the Brexit deal over investors’ heads, and it’s working. Brexit talks resumed on Thursday after negotiations halted last week, boosting the sterling against most of its riskier counterparts like the loonie. The pair’s 50-day moving average just crossed its 200-day moving average and touched the current levels,...

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The Swiss franc has been trading softer in the past sessions against the Australian dollar, compared to other currencies. But the tides will soon shift to favor bearish investors as the Reserve Bank of Australia raises red flags, opening discussions and speculations as to whether it would ease its interest rates further this month. The exchange rate should climb...

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The pair will break down from an uptrend channel support line, sending the pair lower towards its May 2020 low. The European Union came under pressure after UK Prime Minister Boris Johnson said that Britons should be ready for a no-deal Brexit. Initially, a hard Brexit could cost the British economy of around $25 billion by 2021. However, it is already...

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The pair will fail to break out from a major downtrend resistance line, which will send the pair lower towards its previous low. While western Europe is struggling to revive its economy, its eastern counterpart led by the V4 nations is helping the region to go back to its feet. The Czech Republic posted its Consumer Price Index reports on Friday, October 16. The...

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The pair will break down from an uptrend channel towards its previous low. A small recovery is better than no recovery at all. This is the scenario for the EUR/CZK pair. On Friday, October 16, Czech Republic published its Producer Price Index (PPI) reports. The month-over-month report posted a 0.2% growth for the month of September against a decline of -0.3% in...

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The pair will continue to move lower in the following days towards a major support line. Investors of the single currency were whipsawed following the disappointing results from the EU member states which ended the EUR/SEK rally. A month after the coronavirus became pandemic, analysts gave an outlook to economies who suffered from the “Global Lockdown”. The...

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The New Zealand dollar appears to be brushing off the talks about the possibility of negative interest rates in trading sessions this Friday and pushes the Canadian dollar. It seems that the kiwi is looking to redeem some of its major losses from this week’s trading and is trying to end the week in a positive light. Unfortunately for bullish investors, the...

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Despite the downside faced by the US dollar to Japanese yen exchange rates in some sessions, the sentiment remains significantly bullish. It is believed that the trading pair will gradually advance to its resistance level as the US dollar receives help from the fresh hopes for a stimulus program. Just recently, it was reported that US House Speaker Nancy Pelosi,...

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The reports about significant progress from the ongoing Brexit negotiations between the European Union and the United Kingdom have boosted the confidence for the pound sterling. The British pound to Swiss franc exchange rate is on track to gradually climb up to its resistance level this October as bullish investors hope for the best. A source from the EU commented...

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The Canadian dollar holds its ground against the Japanese yen despite the uncertainties looming over the global financial market. It is believed that the exchange rate’s prices will eventually climb to its resistance level as bullish investors gather enough strength and momentum from the commodity market and the equity market. The safe-haven appeal of the Japanese...

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The Canadian dollar manages to force the Australian dollar down in yesterday’s trading session, taking advantage of the weakness faced by bulls after the recent decision of the Reserve Bank of Australia to hold on to its interest rates this October. However, as of today, the trading pair’s prices are seen steadying as the antipodean currency gathers strength to...

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The risk-off sentiment in the global market and the recent decision of the Reserve Bank of Australia to hold on to its current interest rates have slowed down the Australian dollar in the trading sessions. It is believed that the exchange rate’s prices will fall to its support level as the US dollar sees an opportunity to snatch some gains against the Australian...

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Thanks to the oil market’s current status, the US dollar to Canadian dollar exchange rate continues to head down in the trading sessions. And it is projected that the trading pair’s prices would go down to its support level in the coming days. The recent news about the United States president’s health after testing positive for the virus last week has boosted...

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The euro bounces back against the Japanese yen in the trading sessions yesterday, but bearish investors try to defend their gains this Tuesday. However, the euro to Japanese yen exchange rate is still projected to climb up to its resistance level in the coming trading sessions, hitting ranges last seen just last month. The safe-haven appeal of the Japanese yen...

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The beloved US dollar topples over the Russian ruble and aims to force the USDRUB exchange rate’s prices towards its resistance level. It is believed that bullish investors will continue to hold their dominance in the coming days as the US dollar gets more powerful thanks to the woes brought by the recent news about US President Trump. See, the markets are running...

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The beloved US dollar topples over the Russian ruble and aims to force the USD/RUB exchange rate’s prices towards its resistance level. It is believed that bullish investors will continue to hold their dominance in the coming days as the US dollar gets more powerful thanks to the woes brought by the recent news about US President Trump. See, the markets are...