August, 2020 | Forex robots store

U.S. industrial production rose 3% in July, marking third-straight monthly increase

A welder builds parts for finished petroleum tanks at Southern Tank and Manufacturing Inc. in Owensboro, Kentucky, U.S. Ty Wright | Bloomberg | Getty Images American industry continued to regain ground lost in the coronavirus recession last month, but production...

AdminAug 14, 2020

Market overviews

Sterling Firms Up in Subdued Trading, Dollar Yawns Retail Sales

Trading in in the currency markets continue to be relatively subdued. Sterling is so far the strongest one for today. But it’s staying below near term resistance against Euro and Dollar so far. It’s also hovering below yesterday’s high against...

AdminAug 14, 2020

Technical analysis of Forex market

AUD/CAD 4H Chart: Bulls Could Continue To Prevail

The AUD/CAD exchange rate has been trading within an ascending channel since the beginning of June. From a theoretical perspective, it is likely that some upside potential could prevail, and the currency pair could continue to appreciate in the medium...

AdminAug 14, 2020

Technical analysis of Forex market

AUD/CHF 4H Chart: Falling Wedge Pattern In Sight

The AUD/CHF currency pair has been trading within a falling wedge pattern since the middle of July. From a theoretical point of view, it is likely that the exchange rate could continue to decline within the given pattern within the...

AdminAug 14, 2020

Technical analysis of Forex market

NZD/JPY 4H Chart: Decline Likely To Continue

The New Zealand Dollar has been depreciating in a descending channel pattern against the Japanese Yen since the middle of July. The currency pair breached the 70.00 mark last week. As for the near future, the exchange rate will most...

AdminAug 14, 2020

Technical analysis of Forex market

NZD/CAD 4H Chart: Breakout Occurs

The New Zealand Dollar has declined by 3.98% against the Canadian Dollar since July 31. A breakout occurred through the lower boundary of an ascending channel pattern during this week’s trading sessions. Given that a breakout had occurred, the exchange...

AdminAug 14, 2020

Technical analysis of Forex market

NZDUSD Favours Trend Reversal Scenario

NZDUSD changed course to the downside this month, printing lower highs and lower lows after peaking at a new 8-month high of 0.6714 in the four-hour chart. Besides the negative price action, the bearish cross registered between the 20- and...

AdminAug 14, 2020

Fundamental analysis of Forex market

Dollar Firms, Stocks Muted Amid Stalled Stimulus Talks, Soft China Data

Hopes fade for a quick stimulus deal in the US as Congress leaves town Weaker-than-expected Chinese data adds to recovery worries Dollar pulled from lows as subdued tone weighs on stocks Stalemate on Capitol Hill A deal on a new...

AdminAug 14, 2020

Market overviews

Sentiments Weighed Mildly by China Data, Gold and Yields to Watch

Markets are relatively steady in Asia today. Sentiment was somewhat weighed down by mixed data from China, but there is no apparently follow through selling. New Zealand Dollar continues to be pressured as the country extends coronavirus lockdown by 12...

AdminAug 14, 2020

Finance news

As the pandemic persists, New Zealand considers negative interest rates

New Zealand is considering negative interest rates, as it grapples with the severe economic impact caused by the coronavirus pandemic. In its interest rate decision this week, the central bank maintained its official cash rate at 0.25%, but also raised...

AdminAug 14, 2020

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Month: August 2020

U.S. industrial production rose 3% in July, marking third-straight monthly increase

Sterling Firms Up in Subdued Trading, Dollar Yawns Retail Sales

AUD/CAD 4H Chart: Bulls Could Continue To Prevail

AUD/CHF 4H Chart: Falling Wedge Pattern In Sight

NZD/JPY 4H Chart: Decline Likely To Continue

NZD/CAD 4H Chart: Breakout Occurs

NZDUSD Favours Trend Reversal Scenario

Dollar Firms, Stocks Muted Amid Stalled Stimulus Talks, Soft China Data

Sentiments Weighed Mildly by China Data, Gold and Yields to Watch

As the pandemic persists, New Zealand considers negative interest rates

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Month: August 2020

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