USD/CAD Draws a Declining Channel and Lacks Intraday Traction
USD/CAD is drawing a declining trend on the daily chart, and the pair hits triple support around 1.38 in 6-weeks from the first hit in...
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USD/CAD Reverses Previous Day’s Losing Sentiment
USD/CAD reversed the intraday momentum and gained 0.50% from the 24-hour low of 1.386 to the current trading price of the pair at 1.393. The...
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USD/JPY Trades Directionless Around 107
USD/JPY loses the traction and is drawing a descending wedge on a 4-hourly chart. The pair lacks support from 200-day MA, and it has been...
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GBP/USD Appears Intraday Volatile and Hits 7-Day Low
GBP/USD exhibits a double top in the intraday below 1.224 yet fails to regain support from the nearest MA, i.e., the 50-day daily MA at...
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Yuan Strengthens after Better than Expected Inflation Rates
After heightened concerns of Corona Virus in China, some positive news is coming. Yesterday, the Chinese Government had released the official data on inflation, and...
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Dollar Strengthens after a Better than Expected U.S. Job Data and Enhanced Corona Concerns
The job market data that has been released today has helped the U.S. Dollar in gaining even more. The optimistic job data, coupled with weakened...
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Will Public Exposure Be the End of Forex Trading?
Minimizing client exposure to risk, the Israeli Securities Authority (ISA) proposed that forex companies will publish client losses as a step towards investor education. “If...
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High Manufacturing Activity Pushes Dollar as Pound Weakens
Following immense volatility in the macroeconomic scenario across the globe, the US Dollar has finally started to strengthen. The manufacturing indices in the United States...
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USD Gets Strengthened as AUD & Yuan Weaken Due to Coronavirus Concerns
As the Chinese Coronavirus is spreading in many Asian nations, the American Dollar is getting strengthened. It is currently at its two months’ high. Investors...
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Coronavirus Outbreak Causes Dent to Chinese Yuan, Japanese Yen Shines
In what appears to be a huge worry for China in the coming days amid the possible threats emanating from the outbreak of coronavirus, the...
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