One of most important relationships to understand in the forex market is the one between the Swiss franc and euro. There is a very strong correlation between these two, meaning that the Swiss franc tends to rise against the US dollar when the euro does. Because of this, the EUR/ USD and USD/CHF currency pairs [...]
EUR/USD has recovered sharply back into positive territory on the day. Triggering the abrupt recent injection of risk appetite into markets in recent trade was the news that US fiscal stimulus talks are back on; Democratic Minority Leader of the Senate Chuck Schumer said that Republican Senate Majority Mitch McConnell had agreed to resume negotiations [...]
Australian shares went down on Thursday, as a fresh cluster of COVID-19 cases sparked a lockdown in the state of South Australia while numbers in the United States also increased, denting recent optimism over promising vaccine trial results. Most businesses in South Australia will close except for some food outlets, and people will be largely [...]
USD/JPY prints 0.10% intraday losses while during the early Wednesday. In doing so, the yen pair drops the lowest since November 09 as the corona virus (COVID-19) firms up grip in Tokyo. It’s worth mentioning that the upbeat trade numbers and Japanese policymakers’ readiness to battle the pandemic also favor the sellers off-late. Apart from [...]
