July 7, 2020 7:17 am
AUD/USD eased from highs not seen in over three weeks on Tuesday, after Victorian Premier Daniel Andrews announced a lockdown of metropolitan Melbourne to curb surging new coronavirus infections in the state, while the Reserve Bank of Australia kept its cash rate intact at a record low level of 0.25% at its policy meeting earlier […]
Read moreJuly 6, 2020 11:50 am
NZD/USD eased from a fresh one-month high of 0.6566 during late European trade on Monday, as some market players preferred to take profits rather than risk unnecessarily amid mounting concerns that a surge in new coronavirus infections could lead to renewed lockdown restrictions and hamper economic recovery. The kiwi dollar remained supported over the past […]
Read moreJuly 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 […]
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