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Canadian Dollar Rallies on Inflation Report, Crashes on BoC Rate Decision

The Canadian dollar today rallied against its US counterpart in the first half of today’s session driving the USD/CAD to its daily lows boosted by in-line inflation figures. However, the currency pair quickly reversed course after the Bank of Canada announced its rate decision, which was interpreted as being very dovish.

Euro Struggles to Rally Amid Davos Forum and Coronavirus Threat

The euro today struggled to rally against the US dollar as the World Economic Forum drags on in Davos, Switzerland. The EUR/USD currency pair today fell to new 2020 lows before recouping its losses as investors grappled with the emerging risk posed by the Coronavirus.

GBP/AUD May Have the Green Lights for 1.9470

The Great Britain pound versus the Australian dollar currency pair extended above 1.9053. Is this the new direction or it’s just the bears preparing to short?

Great Britain Pound Strongest After Employment Report

The Great Britain pound was the strongest major currency on the Forex market today. The reason for the sterling’s stellar performance was the employment report, which showed record employment among Britons.

Swiss Franc Rallies on Slew of Bad News, Loses Gains Later

The Swiss franc rallied today amid the negative sentiment among investors. The franc is considered a safe currency, meaning that traders prefer to buy it in times of fear and uncertainty. And on Tuesday, there were plenty of news to spook speculators. Currently, though, the Swissie has lost its gains against most other rivals.

Japanese Yen Mixed As BoJ Leaves Rates Unchanged, Industrial Output Weakens

The Japanese yen is mixed on Tuesday after the central bank announced that it was leaving interest rates unchanged and raising its economic growth forecasts for 2020 and 2021. Tokyo also reported disappointing industrial production and capacity utilization data, despite the federal government spending billions in stimulus.

Is GBP/CAD Sill Aiming for 1.7811?

The Great Britain pound versus the Canadian dollar currency pair had not yet started the journey towards 1.7811. Is the price just gathering more energy for a new leap or is it just that there isn’t enough bullish optimism left?

Euro Falls to 3-Week Lows Against the Dollar Despite US Holiday

The euro today fell to new 3-week lows against the US dollar even though US markets were closed for the Martin Luther King Jr. holiday. The EUR/USD currency pair attempted to rally but failed to sustain its gains as the European session got underway.

Swiss Franc Rises to Three-Year High After Addition to US Trade Watch List

The Swiss franc is continuing its streak of gains on Monday, despite recent allegations that Switzerland is manipulating its currency. The franc is also finding direction on the latest trade prices, which have fallen over the last 12 months as Switzerland suffers from global trade uncertainty. Will the franc remain a safe-haven currency moving forward?

Head and Shoulders Almost Complete on AUD/USD

The Australian dollar versus the US dollar currency pair seems to be pursuing lower prices. The only possible barrier is 0.6850. Will this level be able to stop the depreciation?

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