Dollar Up, Hopes of Fed Monetary Stimulus Rise
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- November 19, 2020
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GBP/USD has been clinging to 1.39 beforehand of a plausible storm as the pound awaits three crucial events. Yohay Elam, an Analyst at FXstreet, explains why BoE, Brexit and Scottish fears might also disappear. Investors…
The dollar was up on Thursday morning in Asia, clawing back gains from earlier losses. The market saw small moves as the number of COVID-19 cases globally continues to rise incessantly, and expectations of further…
GBP/USD has been clinging to 1.39 beforehand of a plausible storm as the pound awaits three crucial events. Yohay Elam, an Analyst at FXstreet, explains why BoE, Brexit and Scottish fears might also disappear. Investors…
The NZD/USD pair received greater than 50 pips on Wednesday and shut above 0.7200 earlier than going into a consolidation segment on Thursday. As of writing, the pair used to be genuinely unchanged on a…
Gold underperformed year-to-date as economic recovery and risk-on sentiment continue. Strategists at HSBC downgrade gold to neutral because they think it’ll be difficult for the valuable metal to rally strongly from current prices amid now higher bond yields. See…
EUR/JPY struggles for direction amidst a broader leg lower. Next on the downside comes within the 130.00 neighbourhood. EUR/JPY looks for direction amidst a negative start of the new month, meeting initial support around 131.00 for the nonce .…
The relentless rise in WTI prices offset the US dollar’s advance. USD/CADUSD/CAD is looking to challenge the April low of 1.2265, because the risks remain to the downside amid a rally in WTI prices. The US…
GBP/USD stalls the bounce because the US dollar resumes the upside. The symmetrical triangle breakout on the 4H chart still keeps buyers hopeful. RSI has turned south but holds above the midline. GBP/USD is battling 1.3900 in…
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The dollar was up on Thursday morning in Asia, clawing back gains from earlier losses. The market saw small moves as the number of COVID-19 cases globally continues to rise incessantly, and expectations of further monetary stimulus from the U.S. Federal Reserve begin to grow. “Central bankers continue to offer promises of almost endlessly easy...
The dollar edged higher in early European trade Thursday, helped by its safe-haven status as concerns about the impact of the coronavirus remain. At 3:05 AM ET (0805 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was up 0.2% at 92.517, but just above the month’s low of...
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