The dollar shrugs off US President Donald Trump’s indictment on Thursday, as traders were surprisingly optimistic after the dominant lawmakers in the U.S. House of Representatives voted to impugn Trump. The indicator, which tracks the dollar against six significant fiat forms, rose 97.40, shortly after the six-day high of 97.475 reached on Wednesday. At the […]
Among its G10 peers, the US dollar performed beyond expectations racing past others to be at the forefront. As the fears about a hard Brexit resurfaces, following Boris Johnson’s move to prevent further Brexit extension beyond next year and also a revised WAB to be voted on by British MPs this week, the Pound took […]
GBPJPY Price Analysis – December 18 Since the trading session on Tuesday, the currency pair has fallen by almost 303 basis points against the Japanese yen. As for the near future, the GBPJPY exchange rate may recover on a cluster formed by the daily trend line at 143.07. If the cluster holds, a reversal is […]
As more nations across the globe jump on the Central Bank Digital Currency bandwagon, the world is inching closer to witnessing a globally recognized CBDC. However, the United States is in the limelight in the race to develop the first global digital currency as the sovereignty of the US dollar is mostly at stake. This […]
USDCHF Price Analysis – December 17 The USDCHF is adrift of its attractiveness in the past few hours and erases its daily gains to fall under pressure from the bitter market sentiment and wider greenback frailty. At the time of writing, the pair fell 0.03% on the day and at the level at 0.9811. Key […]
In the past week, after Boris Johnson was declared the winner of the December 12 UK elections, Sterling had a wild run in the hope of an easier Brexit pass. The same may not hold for Pound as during the week, with its market activity, analysts had foreseen it may not trend higher. In the […]
EURUSD Price Analysis – December 16 The EURUSD surge last week stopped at a fairly important resistance level. On the daily chart, the horizontal level at 1.1178 proved an obstacle again. The same level had kept the pair low in the last two months. Key Levels Resistance Levels: 1.1450, 1.1280, 1.1200 Support Levels: 1.1115, 1.1090, […]
As reported by Reuters, the December 15 deadline set by the United States for the signing of a preliminary pact was reached with both countries agreeing on some certain terms: Highlights of the Preliminary Trade Deal President Trump had already threatened to impose extra tariffs on more than $160 billion Chinese goods; this will not […]
GBPUSD Price Analysis – December 15 The GBPUSD pair reached 1.3514 level last Friday, a level that was last seen in May 2018, after the Conservative Party led by British Prime Minister Boris Johnson won the general elections in the United Kingdom. The pair fell all day on Friday, amid a higher dollar and profit-taking, […]
