May 25, 2020 9:45 am
Spot Gold slid to an intraday low in Asia trade on light volume, but managed to recoup part of those losses in early European session, as intensifying tensions between the United States and China kept safe haven asset demand supported. Beijing’s move to impose a national security law on Hong Kong raised concerns over the […]
Read moreMay 25, 2020 7:13 am
EUR/GBP continued to retreat in thin trade on Monday after data showed Germany’s economy had shrunk the most in 11 years, while concerns of an impasse between China and the United States over civil liberties in Hong Kong lessened the appeal of riskier assets. Final data by the Federal Statistical Office revealed earlier on Monday […]
Read moreMay 22, 2020 11:43 am
GBP/USD continued to slide on Friday, as the Sterling was pressured by the latest string of somber macro data coming from the United Kingdom, while demand for traditional safe haven currencies such as the US Dollar increased due to escalating tensions between Beijing and Washington. Earlier on Friday, UK retail sales were reported to have […]
Read moreMay 22, 2020 9:36 am
Having touched a one-week low yesterday, Gold gained some ground on Friday, as escalating tensions between Beijing and Washington heightened the appeal of safe haven assets. US President Trump warned of a “very strong” US reaction to new Chinese national security legislation on Hong Kong, which is seen as an attempt to increase China’s control […]
Read moreMay 22, 2020 7:03 am
EUR/GBP came off recent eight-week highs and traded within a relatively tight range during the late phase of the Asian session on Friday, as the rally driven by optimism over Europe moving closer to a fiscal union, seemed to have lost traction. However, the pair trimmed certain part of earlier losses after a Friday report […]
Read moreMay 21, 2020 11:39 am
GBP/USD pared earlier losses during the late phase of the European trading session on Thursday, as better-than-expected UK manufacturing and services numbers by IHS Markit introduced some optimism following a string of dismal macro data released earlier. Preliminary data showed that UK’s Manufacturing Purchasing Managers’ Index rebounded more than expected in May to a reading […]
Read moreMay 21, 2020 9:34 am
Gold retreated from yesterday’s highs on Thursday, as optimism over a timely economic recovery from the coronavirus crisis prompted market players to trim their safe haven bets. “There is still some optimism and risk-on sentiment about the possibility of a vaccine and talks of lockdown easing and growth slowly picking up,” National Australia Bank economist […]
Read moreMay 21, 2020 6:47 am
EUR/GBP touched a fresh eight-week high during the early phase of the European session on Thursday, since weak UK inflation data fueled negative interest rate prospects, mounting pressure on the Sterling. “The negative view we previously held for the kiwi on the back of a dovish Reserve Bank can now be extended to the pound […]
Read moreMay 20, 2020 11:37 am
GBP/USD held steady during late European trade on Wednesday, recouping part of earlier losses, but startling UK inflation data may still weigh on the Sterling, as it supports the prospect of negative interest rates being introduced by Bank of England to prop up the pandemic-ravished economy. Earlier Wednesday, the Office for National Statistics reported that […]
Read moreMay 20, 2020 9:31 am
Gold continued its recovery from recent lows on Wednesday, as market sentiment once again went into a risk-off mode. Tuesday’s investor optimism cooled off after medical website Stat News reported that early data on Moderna Inc’s experimental COVID-19 vaccine was not sufficient to determine if the vaccine itself was effective. Moderna announced earlier this week […]
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