June 23, 2020 9:33 am
Futures on US West Texas Intermediate Crude Oil recovered from losses registered earlier on Tuesday in volatile trade, induced by confusion over the fate of the US-China trade agreement. Comments from White House trade adviser Peter Navarro that the trade deal is “over” initially triggered a selloff in equities, riskier currencies and oil. However, later […]
Read moreJune 23, 2020 6:44 am
Investor risk sentiment took a hit early on Tuesday, sending GBP/USD lower after yesterday’s rally, as reports emerged stating the trade deal between the United States and China is “over.” The news raised concerns that the already strained ties between the two major economic powers could now deteriorate and undermine flow of capital and supply […]
Read moreJune 22, 2020 12:01 pm
Having touched a three-week low in early Asian trade on Monday, GBP/USD regained certain ground later in the day and was set to snap a four-day streak of losses, as the US Dollar weakened while the chances for an EU-UK trade deal are now seen as improving. A COT report showed that investors’ short exposure […]
Read moreJune 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 […]
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