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    Australian Dollar Could Wilt As Reality of Covid Recession Sinks In

    Now the Australian Dollar is hitting a very low point. The currency market says this is due to looming economic concerns and the realities of the recession facing this country. These issues will affect the Australian economy, although the real economic issues are still left to be addressed. But as global financial woes hit Australia, the currency is taking a beating. Australian Dollar and the US Dollar are now being traded at close to parity. Many people are blaming the Government for this poor performance in the Australian Dollar. It appears that there are many fundamental factors playing in the weak local currency. This problem will not go away in…

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    AUD/USD Levels to Watch Following Failed Run at March High

    Understanding and following the AUD/USD levels to watch following a failed run at the March high is the key to a successful long trade. There are some useful rules to follow if you are going to be successful. These rules can save you money and help you make money with your investments. To determine the effective level of the AUD/USD, you need to use your basic understanding of both currency pairs. When you understand what you are doing and why, it is much easier to trade. Many traders get into the trade too early and they miss out on more profits than they can ever hope to make. Determine your…

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    NZD/USD April Range Intact as New Zealand Eases Nationwide Lockdown

    The NZD/USD Index had enjoyed a period of strong momentum over the past week with fluctuations limited to a range. The latest reversal suggests that the risks are lessened. As of this writing, the index is at $1.0860 and is well within the index’s trading range. It remains to be seen whether the index will soon test its key support at $1.0395. Several market indicators point to higher volatility in coming days. At the same time, the index is slightly below the index’s trading range. In fact, its range is a range of about 0.9940 and some $1.0960. Given the recent trend, a range of about 0.9240 could also be…

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    Indian Rupee Gains But US Dollar May Rise as Nifty 50 Eyes Virus Risk

    Global financial markets may be nervously eyeing a potential downturn in the Indian Rupee against the US Dollar, but a slowdown in the global economy does not appear to have much bearing on the future of the American dollar and its value against the Indian Rupee. Several countries have devalued their currencies against the USD in recent times, which shows that this is not a universal phenomenon. But there is a ripple effect. Over the past few months, we have seen the American dollar gain against several major currencies, including the Australian Dollar, Canadian Dollar, Japanese Yen, Swiss Franc, British Pound, Swiss Franc, Euro, New Zealand Dollar, South African Rand,…

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    EUR/USD Technical Analysis: Euro Perched at Key Trend Barrier

    Many European countries, as well as the United States, are “perching” by the trends of gold, so to speak. That is to say, those countries can’t afford to ignore these trends. Here’s a look at what’s happening. The story that has been playing out for the past several months is that the European central banks are holding their euros in a safe. For most of the world, this is seen as a bad thing. But for those countries, it is seen as a good thing. For example, according to the experts, the government in Greece needs to be prepared for the worst and not use its euros. Also, the market…

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    Euro, Crude Oil May Suffer From OPEC & Eurozone Political Rifts

    Crude oil prices have always been influenced by geopolitical events as well as political wrangling. As such, analysts have become increasingly concerned with the upcoming days, as many analysts predict that OPEC and the European Union will fight over the future of the world oil market. Some experts predict that a war between OPEC and the EU will ultimately destroy the price of oil. As one can imagine, this is not good news for producers and consumers. It is difficult to say how this might play out, as there are political rifts between the countries in the EU. This will ultimately affect the price of oil. While the United States…

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    EUR/USD Retreat May Accelerate Ahead of Key Confidence Data

    The EUR/USD replacement has just begun. This is a big test for the market since it was driven higher by expectations of a Fed decision. The EUR/USD may be a great stock market trade, but if it breaks through the resistance at $1.2420, then it will be a disaster. Although it broke above the resistance level, it came back down pretty hard before being allowed to breakout. It can easily get caught in a “window period” where it is likely to go lower, and it needs to test the downside as soon as possible. We’re now getting close to the next round of very important announcements and key confidence data.…

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    EUR/USD Shorts Unwind, Wrong Time to be Bearish on US Dollar-COT Report

    EUR/USD Shorts Unwind, Wrong Time to be Bearish on US Dollar-COT Report Here’s a note from someone who has been investing for a while: EUR/USD Shorts Unwind, Wrong Time to be Bearish on US Dollar-COT Report: Here’s a note from someone who has been investing for a while: I’ve been studying currencies and Forex for a long time. And as I’ve studied more, I’ve noticed that while many are concerned about EUR/USD Shorts at present, I believe that if you look deeper, you’ll find that it is in fact a misnomer, particularly when you consider that the USD index itself has been steadily increasing for over five years now. The…

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    Japanese Yen Surges vs New Zealand Dollar After RBNZ, Fed Rate Cuts

    The Japanese Yen is rising against the US dollar and other major currencies after the Bank of Japan cut interest rates to zero. Now it is possible that the US Federal Reserve may raise interest rates soon, meaning that the US dollar will again become stronger against other major currencies. This could result in the Japanese Yen weakening against the US dollar. The Bank of Japan is going to ease up on the central bank’s easing, which will weaken the dollar and ease off on QE. This is creating a potential opportunity for the Japanese Yen to rise against the US dollar. When the Japanese Yen strengthens against the US…

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    USD May See Record High Versus Indian Rupee After RBI Seized Yes Bank

    The US Dollar May See Record High Versus Indian Rupee After RBI Seized Yes Bank’s Bond Certificates. Is it only the perception that is inspiring this notion? That is one of the misconceptions among global investors, who have an unshakable belief that the US Dollar will remain strong against the Indian Rupee for as long as they are, on a global scale, pleased with the way things are going. Indeed, this is how it works with currencies, but if you ask me, I am not as convinced about it as some are. Well, considering how well the US Dollar has done, and being quite close to a record, you would…