July 9, 2020 11:46 am
GBP/USD extended gains from the previous trading day on Thursday and managed to break above the 1.2600 mark hours after the announcement of UK Chancellor of the Exchequer Rishi Sunak’s economic plan to support recovery. However, developments surrounding Brexit were still restraining the Pound’s appreciation. Britain’s Finance Minister announced additional GBP 30 billion in support […]
Read moreJuly 9, 2020 9:19 am
Futures on US West Texas Intermediate Crude Oil traded lower on Thursday, paring gains from the previous day, since concerns over possible coronavirus lockdown re-imposition in the United States offset signs of recovery in US demand for gasoline. “The market’s struggling to get strong conviction to the upside at the current point in time,” Lachlan […]
Read moreJuly 9, 2020 7:03 am
AUD/USD held recent gains in early European trade on Thursday, with the pair changing hands just below the psychological 0.7000 mark, as it tracked a strong performance of US Equities, particularly within the technological sector. The US Dollar lost some of its haven appeal and retreated to two-week lows on Wednesday, while the Nasdaq Composite […]
Read moreJuly 8, 2020 11:20 am
GBP/USD eased from yesterday’s three-week highs, but remained supported above the 1.2500 mark on Wednesday, as EU and British negotiators resumed Brexit talks and ahead of a new budget speech by UK’s Chancellor of the Exchequer Rishi Sunak, scheduled at 11:30 GMT. Sunak is expected to announce a GBP 2 billion fund aimed to ensure […]
Read moreJuly 8, 2020 9:32 am
Gold extended gains from the previous two trading days and hit highs not seen since early November 2011 on Wednesday, as continuing spread of the coronavirus across the United States and elsewhere added to prospects of more stimulus, supporting demand for the haven metal. The number of confirmed cases of the COVID-19 illness in the […]
Read moreJuly 8, 2020 6:58 am
NZD/USD extended losses from the previous trading day on Wednesday, as COVID-19 resurgence in the United States and renewed lockdowns in some countries heightened the safe haven appeal of the US Dollar. Yesterday the number of confirmed cases of the illness in the United States were reported to have surpassed 3 million, which pushed US […]
Read moreJuly 7, 2020 11:42 am
GBP/USD attempted to register a meaningful break above the psychological 1.2500 level for a fourth consecutive trading day on Tuesday, after slipping below it on several occasions in the past sessions, as market players awaited further details regarding UK government’s spending plans tomorrow when Chancellor of the Exchequer Rishi Sunak delivers a speech. A report […]
Read moreJuly 7, 2020 9:43 am
Futures on US West Texas Intermediate Crude Oil retreated over 1% on Tuesday, while erasing gains achieved a day earlier, on mounting fears that continuing rise in new COVID-19 cases across the United States, the largest oil consumer globally, will hamper fuel demand recovery. Since 16 US states reported a record surge in new coronavirus […]
Read moreJuly 7, 2020 7:17 am
AUD/USD eased from highs not seen in over three weeks on Tuesday, after Victorian Premier Daniel Andrews announced a lockdown of metropolitan Melbourne to curb surging new coronavirus infections in the state, while the Reserve Bank of Australia kept its cash rate intact at a record low level of 0.25% at its policy meeting earlier […]
Read moreJuly 6, 2020 11:50 am
NZD/USD eased from a fresh one-month high of 0.6566 during late European trade on Monday, as some market players preferred to take profits rather than risk unnecessarily amid mounting concerns that a surge in new coronavirus infections could lead to renewed lockdown restrictions and hamper economic recovery. The kiwi dollar remained supported over the past […]
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