June 22, 2020 9:41 am
Spot Gold kept trading in proximity to fresh one-month highs during European session on Monday, as rising new coronavirus cases added to concerns over a more prolonged global economic recovery, triggering a move into the safe haven metal. According to data by the World Health Organization, new confirmed COVID-19 cases across the globe rose at […]
Read moreJune 22, 2020 7:10 am
Having advanced to a 12-week high of 0.9073 on Friday, EUR/GBP traded slightly lower during early European session on Monday. The minor pair remained affected by both divisions among EU leaders over the structure of a planned coronavirus recovery fund and prospects of a no-deal Brexit since EU-UK trade negotiations have shown little progress. At […]
Read moreJune 19, 2020 11:31 am
NZD/USD retreated for a second straight trading day on Friday and was poised to register its second successive week of losses as well, since rising geopolitical tensions and concerns over a second wave of the COVID-19 illness heightened the safe haven appeal of the US Dollar. Reports of a surge in new COVID-19 infections in […]
Read moreJune 19, 2020 9:32 am
Futures on US West Texas Intermediate Crude Oil extended gains from the previous trading day and touched highs not seen since June 8th on Friday, after OPEC members and allies pledged to meet their commitments on supply cuts, while two global oil traders suggested a sound recovery in oil demand. Iraq and Kazakhstan pledged to […]
Read moreJune 19, 2020 7:15 am
GBP/USD plummeted to lows unseen since June 1st on Thursday, following Bank of England’s decision to bolster its bond-purchasing programme by £100 billion, in line with market expectations. The major pair managed to recoup a small part of that loss during Friday’s Asian session, but it was still set to register a second straight week […]
Read moreJune 18, 2020 11:50 am
Having retreated to an intraday low after bleak Australian jobs data earlier on Thursday, AUD/USD managed to recoup part of those losses during European trade. However, the upside move encountered resistance in the area near the 0.6900 mark, as fears over coronavirus resurgence weighed on market sentiment. The US Dollar has regained its safe haven […]
Read moreJune 18, 2020 9:19 am
Gold traded in a relatively narrow range on Thursday, as the US Dollar maintained recent gains against peers, while markets awaited Bank of England’s policy decision for clarity over its quantitative easing program. “We’re not really seeing a clear-cut catalyst for gold here. On the one hand, we’re getting a stronger U.S. dollar because the […]
Read moreJune 18, 2020 6:46 am
GBP/USD traded within a tight range on Thursday prior to Bank of England’s monetary policy decision and after recent macroeconomic reports showed rising number of jobless claims and slowing consumer price inflation in the United Kingdom. Uncertainty surrounding Brexit also remains a risk for the Pound, as the current transition deal expires in December and […]
Read moreJune 17, 2020 11:43 am
Having distanced from Tuesday’s multi-day highs, NZD/USD consolidated in the area around 0.6450 on Wednesday, as a range of factors, including record-high new COVID-19 infections in six US states, new confirmed cases in Beijing as well as confrontation between Chinese and Indian troops in the western Himalayas, were weighing on investor risk sentiment. “Market players […]
Read moreJune 17, 2020 9:33 am
Futures on US West Texas Intermediate Crude Oil recovered from overnight losses on Wednesday, but gains may be capped as concerns over fuel demand recovery persisted amid rising US crude and fuel inventories. Both WTI and Brent futures surged yesterday after the International Energy Agency (IEA) revised up its full-year oil demand forecast to 91.7 […]
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