July 1, 2020 7:18 am
GBP/USD held on to gains in early European trade on Wednesday ahead of a fresh string of macro data and central bank officials’ statements, scheduled later in the day. On Tuesday the Sterling bounced from near a one-month low and briefly tested the area near the 1.2400 mark in late US trade, but analysts attributed […]
Read moreJune 30, 2020 11:39 am
NZD/USD retreated for a third straight trading day on Tuesday, as market sentiment was caught between two currents – optimism driven by better-than-expected US housing and Chinese manufacturing data and concerns that the rapid spread of the coronavirus across the globe could endanger V-shaped economic recovery. “Markets are jumpy. Tension remains between economic and virus […]
Read moreJune 30, 2020 9:36 am
Gold traded within a narrow range close to 92 1/2-month highs in Europe on Tuesday, as the speeding up spread of the coronavirus globally dented hopes of a swift economic recovery. Total confirmed cases of the COVID-19 illness have exceeded 10.3 million globally, while in the United States alone confirmed cases are now over 2.64 […]
Read moreJune 30, 2020 6:43 am
GBP/USD retreated for a fifth straight trading day on Tuesday and was set to retest Monday’s one-month low of 1.2252, after a report by the UK Office for National Statistics showed economy had contracted at the steepest quarterly pace since the third quarter of 1979 in Q1, as non-essential businesses shut down and consumers remained […]
Read moreJune 29, 2020 11:47 am
AUD/USD traded within a relatively narrow daily range on Monday, as a surge in new COVID-19 cases across the globe and restrictions being reimposed in some areas pressured demand for risk-sensitive currencies. The total number of confirmed coronavirus cases globally exceeded 10 million, while the death toll surpassed 500,000 on Sunday. The United States reported […]
Read moreJune 29, 2020 9:27 am
Futures on US West Texas Intermediate Crude Oil retreated for a second consecutive trading day on Monday, as ongoing surge in new COVID-19 cases in the United States, India, Brazil and elsewhere heightened concerns that renewed partial lockdowns could restrict demand for fuel. The total number of confirmed coronavirus cases globally exceeded 10 million, while […]
Read moreJune 29, 2020 6:57 am
GBP/USD rebounded from Friday’s one-month lows during early European trade on Monday, as a new round of negotiations on trade between the EU and the UK is expected to begin this week. Despite that the UK economy is gradually reopening after lockdown restrictions, many analysts still view Brexit as the factor to have the most […]
Read moreJune 26, 2020 11:48 am
NZD/USD extended gains from the previous trading day on Friday and was set to snap a two-week losing streak, after a business survey showed an improvement in New Zealand households’ confidence in June. ANZ-Roy Morgan NZ Consumer Confidence Index rose to a level of 104.5 in June from 97.3 in May, as consumers’ perceptions of […]
Read moreJune 26, 2020 9:42 am
Gold traded within a relatively tight daily range during the Asian and European sessions on Friday and was poised to register its third successive week of gains amid surging new COVID-19 infections globally, which cast doubt on the V-shaped economic recovery forecast by many. More than 179,700 new cases of the illness were reported globally […]
Read moreJune 26, 2020 7:19 am
GBP/USD kept trading at a short distance away from Thursday’s lows on Friday, as the US Dollar seemed to have retained its safe haven appeal amid a sharp rise in US COVID-19 cases that put the reopening of the economy in question. New daily cases across the United States rose at a record pace on […]
Read more
