July 6, 2020 9:35 am
After recording four straight weeks of gains, Spot Gold continued to edge up on Monday, as economic recovery concerns stemming from the ongoing surge in new COVID-19 cases across the United States and elsewhere supported demand for the haven metal. At least 15 US states reported a record surge in new infections during the first […]
Read moreJuly 6, 2020 7:02 am
Having registered its first week of gains in four last week, GBP/USD traded modestly higher, close to the 1.2500 mark, in early European session on Monday, as markets awaited fresh catalysts that could trigger a move in either direction. Uncertainty surrounding Brexit continued to persist. Last week’s Brexit negotiations ended prematurely, as a meeting between […]
Read moreJuly 3, 2020 11:51 am
AUD/USD advanced for a fifth straight trading day in subdued trade on Friday and was set to register its second week of gains in a row, as largely positive macro data from China and the United States outweighed concerns over COVID-19 resurgence across the US and elsewhere. All segments of the US economy, excluding the […]
Read moreJuly 3, 2020 9:36 am
Futures on US West Texas Intermediate Crude Oil retreated on Friday, paring gains achieved so far this week, as concerns re-emerged that the new wave of COVID-19 infections across the United States and elsewhere could hamper fuel demand recovery. The United States, the largest oil consumer globally, reported over 55,000 new COVID-19 infections on Thursday, […]
Read moreJuly 3, 2020 7:39 am
GBP/USD came off Thursday’s one-week high and remained stuck in a narrow daily range below the 1.2500 mark on Friday, as COVID-19 resurgence in the United States and diplomatic tensions between Beijing and Washington over civil liberties in Hong Kong prompted caution among market players. Meanwhile, a Friday meeting between British and EU chief Brexit […]
Read moreJuly 2, 2020 11:40 am
NZD/USD extended gains from the prior two trading days and hit highs unseen in a bit over a week on Thursday, as the kiwi dollar appreciated on heightened investor risk appetite following promising macro data, while hopes for a coronavirus vaccine also supported sentiment. Yesterday the Institute for Supply Management said US manufacturing activity had […]
Read moreJuly 2, 2020 9:23 am
Gold prices eased from Wednesday’s nearly 93-month high and remained within a narrow daily range on Thursday, as recent upbeat US macro data coupled with hopes for a potential coronavirus vaccine prompted investors to cut their safe haven bets. Yesterday the Institute for Supply Management said US manufacturing activity had rebounded sharply in June, with […]
Read moreJuly 2, 2020 7:00 am
GBP/USD extended gains from the prior two trading days on Thursday and touched a fresh one-week high on the back of weaker US Dollar and macro data-driven optimism. However, market players abstained from more aggressive risk taking amid surging new coronavirus infections and ahead of the key US Non-Farm Payrolls report. Yesterday the Institute for […]
Read moreJuly 1, 2020 11:56 am
Having advanced to a fresh one-week high in early European trade on Wednesday, AUD/USD erased those gains later in the day, returning to levels observed overnight, as markets awaited key US jobs, manufacturing data prints as well as the Minutes from Federal Reserve’s most recent policy meeting. The Aussie drew support earlier Wednesday by an […]
Read moreJuly 1, 2020 9:34 am
Futures on US West Texas Intermediate Crude Oil rose to a one-week high on Wednesday, following a report of a larger-than-anticipated drop in US crude stocks, which indicated demand was picking up regardless of the spread of the novel coronavirus. Latest data from the American Petroleum Institute (API) showed crude oil inventories in the United […]
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