June 17, 2020 7:29 am
GBP/USD came off highs reached in the prior trading day and consolidated below the 1.2600 mark on Wednesday on stronger US Dollar and following the latest inflation data that came out from the UK. A report by the Office for National Statistics showed earlier Tuesday that annual consumer price inflation in the United Kingdom slowed […]
Read moreJune 16, 2020 11:37 am
AUD/USD maintained gains achieved in the prior two trading days on Tuesday, as the announcement of the Federal Reserve’s corporate bond purchasing program spurred risk-on mood across financial markets. The US central bank said that it would begin buying a diversified range of investment grade US corporate bonds from Tuesday as part of an earlier […]
Read moreJune 16, 2020 9:33 am
Gold recovered from losses in the prior trading day and consolidated within the $1,720-$1,730 area in European trade on Tuesday after the Federal Reserve unveiled plans to expand stimulus measures with corporate bond purchases in an attempt to mitigate the impact from the pandemic on economy. The announcement heightened risk sentiment, bolstering global equities and […]
Read moreJune 16, 2020 7:00 am
GBP/USD extended gains from the previous trading day and maintained ground near intraday highs in early European trade on Tuesday on weaker US Dollar. Risk sentiment received a boost, pressuring traditional haven currencies such as the greenback, after the Federal Reserve said on Monday it would begin buying a diversified range of investment grade US […]
Read moreJune 15, 2020 11:49 am
AUD/USD plunged to a fresh two-week low during the early phase of European trade and remained under pressure within the area around 0.6800 later on Monday, as risk-sensitive currencies such as the Aussie retreated on concerns about a second wave of coronavirus infections, with new cases emerging in Beijing and daily cases rising to a […]
Read moreJune 15, 2020 8:47 am
Futures on US West Texas Intermediate Crude Oil extended losses from last week on Monday, as new COVID-19 infection cases in China and the United States raised concerns over demand recovery. Over the past weekend, four new cases of COVID-19 illness were reported in Beijing, all related with the city’s largest food wholesale market, which […]
Read moreJune 15, 2020 6:50 am
EUR/GBP extended recent string of gains and touched fresh two-week highs during early European trade on Monday, as Sterling came under pressure after a report that the United Kingdom would not extend the deadline for trade negotiations beyond December. The option of extending the transition period beyond the end of 2020 was formally rejected by […]
Read moreJune 12, 2020 12:01 pm
Having touched a one-week low during early Asian trade on Friday, GBP/USD managed to recoup a portion of those losses during the European session, despite bleak macro data released from the UK earlier in the day. Still, the major pair looked set to snap a three-week streak of gains, being down 0.35% so far this […]
Read moreJune 12, 2020 9:41 am
Following a drop from highs unseen in over one week on Thursday, Gold attempted to rebound during European trade on Friday as concerns over a second wave of COVID-19 infections and the Federal Reserve reasserting its emphasized dovish stance supported safe haven demand. The precious metal, having risen almost 3% so far this week, looked […]
Read moreJune 12, 2020 7:10 am
Having touched highs unseen since May 29th on Thursday, EUR/GBP pared gains overnight, but the minor pair was on track to re-test those highs in early European trade on Friday, after a report by UK’s Office for National Statistics (ONS) showed industrial production had contracted at a record monthly rate in April. Overall economic activity […]
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