August 13, 2020 7:07 am
AUD/USD extended gains from the prior trading day on Thursday after better-than-anticipated employment data from Australia indicated economy remained resilient amid ongoing COVID-19 outbreak in Melbourne. The latest report by the Australian Bureau of Statistics showed economy created 114,700 jobs in July, or almost three times more than what analysts on average had expected. The […]
Read moreAugust 12, 2020 11:10 am
GBP/USD steadied in late European trade on Wednesday, after earlier slipping to lows unseen in nearly a week, as a softer US Dollar overshadowed the impact of a record contraction in UK Gross Domestic Product reported earlier today. According to the preliminary data by the Office for National Statistics, UK’s economy shrank at a quarterly […]
Read moreAugust 12, 2020 9:11 am
Futures on US West Texas Intermediate Crude Oil rebounded on Wednesday, after an industry report stated that US crude oil inventories had dropped at a sharper-than-anticipated rate last week, which added to optimism fuel demand could resist the continuing spread of the coronavirus. A report by the American Petroleum Institute revealed on Tuesday that US […]
Read moreAugust 12, 2020 6:58 am
NZD/USD slipped to lows not seen in a month during mid-Asian session on Wednesday, after Reserve Bank of New Zealand bolstered its Large Scale Asset Purchase (LSAP) programme to NZD 100 billion at its policy meeting earlier in the day and noted that “additional monetary instruments” might be deployed. Since the economic risks remain to […]
Read moreAugust 11, 2020 11:30 am
GBP/USD was edging up for a second straight trading day on Tuesday, while trading just above the 1.3100 mark, despite that an earlier report by the Office for National Statistics revealed the sharpest drop in UK employment since 2009 during the three months to June. As many as 220 000 jobs were lost during the […]
Read moreAugust 11, 2020 9:03 am
Spot Gold retreated nearly 2% in Europe on Tuesday and fell below the $2,000 mark for the first time since August 4th, as market players took profits following the haven metal’s recent rally. The US Dollar was holding gains against major peers on hopes of a deal on US fiscal stimulus, while US bond yields […]
Read moreAugust 11, 2020 7:20 am
After pulling back from last Friday’s 18-month high, AUD/USD was attempting a rebound from the 0.7135-0.7145 area of support in early European session on Tuesday, but gains may be capped as investor hopes of a deal on US fiscal stimulus seemed to have led to a pause in recent US Dollar depreciation. The greenback was […]
Read moreAugust 10, 2020 11:20 am
Having registered its largest single-day loss since June 24th on Friday, GBP/USD was rather in consolidation mode during the European session on Monday ahead of the key UK unemployment and GDP data prints later this week. The US Dollar regained strength against its major peers on Friday after the latest report by the US Labor […]
Read moreAugust 10, 2020 8:34 am
After two straight days of losses, futures on US West Texas Intermediate Crude Oil rebounded on Monday, as support was drawn from both an optimistic outlook for demand in Asia and a pledge by Iraq to increase output cuts. Amin Nasser, Saudi Aramco’s Chief Executive Officer, said over the past weekend that oil demand in […]
Read moreAugust 10, 2020 6:59 am
Following an over 1% retreat on Friday, NZD/USD was mostly flat in early European session on Monday, trading in a tight range around the 0.6600 mark. The US Dollar regained strength against its major peers on Friday after the latest report by the US Labor Department showed a faster-than-expected job growth in July, which, to […]
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