The Australian dollar has gone back and forth during trading on Friday, initially showing signs of strength but then fell again.
Blogs
EUR/USD Forecast: Showing Signs of Breaking Down – 15 June 2020
The Euro initially tried to rally during the day on Friday but gave back quite a bit of the gains a turnaround and show signs of exhaustion.
USD/SGD: Price Action Poised to Follow Momentum Collapse – 15 June 2020
Singapore is on track to reopen its entire economy by the end of June, but limitations in the number of people permitted will remain in place.
USD/MXN: Mexican Peso Seeing Choppy Trading as Risks Emerge – 15 June 2020
The USD/MXN has traded with flavor the past week and been challenging for even experienced speculators.
USD/INR: Will Lack of Bullish Momentum Rekindle Sell-Off? – 15 June 2020
India implemented the most extensive nationwide lockdown in the world but surged to the number four spot in global Covid-19 infection.
USD/ARS: Argentina Government Reckless and Currency Suffers – 15 June 2020
The USD/ARS has proven to be a one way road long term as the Argentine Peso faces sustained losses of value.
GBP/USD Forex Signal: Bearish Below 1.2547 – 15 June 2020
GBP/USD: British Pound weaker on 20% GDP contraction
EUR/USD Forex Signal: Consolidation Above 1.1222 – 15 June 2020
EUR/USD: Euro is stronger than the British Pound
USD/ZAR: Collapse in Bullish Momentum to Spark Profit-Taking – 15 June 2020
Fitch Ratings downgraded South Africa’s credit rating farther into junk territory.
USD/BRL: Can Price Rejection Result in Massive Sell-Off? – 15 June 2020
Brazil endured another weekend of protests, which are common since the outbreak of the Covid-19 pandemic.