July 15, 2020 6:56 am
AUD/USD extended gains from the prior trading day and touched a fresh one-month high in early Asian session on Wednesday, as news of progress in development of a potential coronavirus vaccine and upbeat US CPI inflation numbers fueled demand for risk-sensitive currencies such as the Aussie. Reports emerged that Moderna Inc’s experimental COVID-19 vaccine had […]
Read moreJuly 14, 2020 10:47 am
GBP/USD extended losses from the previous trading day and touched a fresh one-week low in early European trade on Tuesday after a report by the UK Office for National Statistics showed a larger-than-anticipated GDP contraction in May. Annual Gross Domestic Product shrank 24.0% in May, or at the second sharpest pace on record, following a […]
Read moreJuly 14, 2020 9:20 am
Having faced strong resistance in the area near July 8th high ($1,818.09) during the past several trading days, Gold briefly eased below the $1,800 mark on Tuesday as the US Dollar regained strength, making the yellow metal costlier for holders of other currencies. Still, geopolitical tensions and worsening COVID-19 situation in the United States and […]
Read moreJuly 14, 2020 7:11 am
NZD/USD extended losses from the prior trading day on Tuesday, as frictions between the United States and China on several fronts as well as surging new COVID-19 cases dampened demand for risk-sensitive currencies such as the kiwi dollar. Diplomatic relations between Beijing and Washington have worsened. The United States is moving closer to end Hong […]
Read moreJuly 13, 2020 11:56 am
GBP/USD encountered resistance at 1.2670, or the area near the high from June 16th, for a third straight trading day on Monday, beginning what is going to be a macro data-laden week. The US Dollar lost its safe haven allure and risk-sensitive currencies advanced over the past week on investor bets the worst of the […]
Read moreJuly 13, 2020 9:17 am
Futures on US West Texas Intermediate Crude Oil retreated almost 2% on Monday, paring gains achieved on Friday, as market players awaited a technical meeting by OPEC at which oil supply reductions are expected to be eased. The Ministerial Monitoring Committee, OPEC+’s production oversight group, will meet on July 14th and 15th to assess each […]
Read moreJuly 13, 2020 7:20 am
AUD/USD looked set to snap a two-day streak of losses and traded not far from last Thursday’s one-month high during early European session on Monday, as hopes of a potential COVID-19 vaccine seemed to have offset concerns over the spread of the illness, reducing the haven appeal of the US Dollar. Last Friday Gilead Sciences […]
Read moreJuly 10, 2020 11:45 am
GBP/USD came off Thursday’s three-week highs and steadied just above the 1.2600 mark in late European trade on Friday, as the recent dollar rally seemed to have paused. The Pound and other risk-sensitive currencies fell overnight as concerns over the accelerating coronavirus spread across the United States and a new surge in infections in some […]
Read moreJuly 10, 2020 9:10 am
Gold prices eased from highs last seen in September 2011, but still kept ground above the $1,800 mark on Friday, as market players favored the US Dollar as a safe haven asset amid a record surge in daily new COVID-19 cases in the United States that curbed optimism over a swift recovery. The latest data […]
Read moreJuly 10, 2020 6:57 am
NZD/USD eased from Thursday’s 5 1/2-month high and traded within a tight range in early European session on Friday, as the intensifying spread of the coronavirus across the United States further dampened optimism over a swift economic recovery, fueling demand for safe haven currencies such as the greenback. The latest data showed new confirmed COVID-19 […]
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