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AUD/USD pushed lower quickly during Asian morning without warning, most likely inspired by a break of 0.901 support level. Prices hit a low of 0.8969, but rebounded just as quickly as it declined. As this move wasn’t supported by fundamentals, it is not surprising to see prices rebounding higher. Nonetheless, considering that immediate direction in the short-term is south-bound (as the descending Channel is still in play), the failure for bears to achieve bearish follow-through is a...
After our bank card got rejected at every bank in Samarkand (Uzbekistan), we eventually realised we would have to make the 300+km drive to Tashkent to get money; not exactly a 5 minute stroll down the road ? more like 5 hours' drive!When we planned to travel the world we didn't realise just how complicated getting money in different countries can be. Not only can it be difficult, it can also cost a small fortune, which eats into an already tight budget.Thankfully we have learnt a few things...
The South African rand dropped today as Finance Minister Pravin Gordhan lowered the economic growth outlook, making nation’s assets less attractive to investors. The general market sentiment was also adverse to the currency.(...)Read the rest of Rand Drops as Economic Growth Projection Lowered (58 words) Posted on Forex News.The post Rand Drops as Economic Growth Projection Lowered appeared first on Forex News.
The South Korean won declined today on speculations that US policy makers will continue to reduce monetary stimulus despite the recent string of poor economic data.(...)Read the rest of Won Falls on Prospects for More Stimulus Reductions from Fed (58 words) Posted on Forex News.The post Won Falls on Prospects for More Stimulus Reductions from Fed appeared first on Forex News.