August 3, 2020 11:34 am
NZD/USD came off Friday’s seven-month high and traded within a relatively tight range on Monday, as the US Dollar rebounded after recording its biggest monthly decline in a decade in July against a basket of six other major currencies. The latest data by the US Commodity Futures Trading Commission showed net short positions in the […]
Read moreAugust 3, 2020 9:23 am
Spot Gold rose to a fresh record high during early Asian trade on Monday, as concerns over an economic impact from the accelerating COVID-19 pandemic drove inflows into haven assets. Still, a rebound in the US Dollar was limiting the yellow metal’s advance. “The sentiment across markets is deteriorating. First of all, rising infection rates […]
Read moreAugust 3, 2020 7:14 am
GBP/USD came off Friday’s 21-week highs and slipped back below the 1.3100 mark on Monday, as the US Dollar was attempting a rebound from more than two-year lows against peers ahead of fresh macro data. The US Dollar has been under selling pressure due to concerns over slowing economic recovery amid rising COVID-19 infections across […]
Read moreJuly 31, 2020 11:27 am
Eli Lilly and Co’s (LLY) second-quarter earnings, reported on Thursday, topped Wall Street estimates, supported by sound demand for its Trulicity diabetes drug. The company also revised up its full-year adjusted earnings forecast. Eli Lilly shares closed lower for a second consecutive trading session in New York on Thursday. It has also been the steepest […]
Read moreJuly 31, 2020 9:30 am
Futures on US West Texas Intermediate Crude Oil managed to recover from yesterday’s three-week lows on Friday, but a second wave of COVID-19 infections across the globe is already posing a threat to oil demand. Yesterday WTI Crude Futures plunged 2.4% in response to a record drop in US Gross Domestic Product in Q2. A […]
Read moreJuly 31, 2020 7:04 am
AUD/USD gained for a sixth straight trading day and touched fresh 18-month highs on Friday, as the US Dollar was set to register its biggest monthly drop against major peers in at least a decade in July due to US economic recovery-related concerns stemming from accelerating coronavirus pandemic. The Aussie Dollar also drew support from […]
Read moreJuly 30, 2020 11:17 am
GBP/USD remained mostly stable near the 1.3000 mark in late European trade on Thursday, after earlier touching 1.3019, its strongest level since March 10th, as risk sentiment somewhat improved following a promise by Fed Chair Jerome Powell that the central bank will “do what we can and for as long as it takes” to limit […]
Read moreJuly 30, 2020 9:15 am
Gold eased from Tuesday’s all-time high during European trade on Thursday, as the US Dollar managed to recoup part of earlier losses, bouncing from more than two-year lows. Still, the precious metal was set to register its best monthly performance since February 2016, while being up 9.95% so far in July. The Federal Reserve kept […]
Read moreJuly 30, 2020 6:57 am
NZD/USD eased from recent seven-month highs on Thursday, as the US Dollar bounced from two-year lows against peers it had earlier registered following the Federal Reserve’s dovish stance on policy. The US central bank kept the target range for the federal funds rate intact at 0%-0.25% at its policy meeting concluded yesterday, in line with […]
Read moreJuly 29, 2020 11:23 am
AUD/USD extended gains from the prior trading days and touched highs not seen since mid-April 2019 on Wednesday, as the US Dollar remained broadly weaker ahead of the outcome of the Federal Reserve’s policy meeting later today. The central bank is expected to stick to a dovish policy stance amid alarming spikes in new COVID-19 […]
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