June 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 […]
Read moreJune 11, 2020 11:46 am
Following a ten-day winning streak that pushed GBP/USD to fresh three-month highs, the pair gave back a portion of those gains on Thursday and fell below the 1.2700 mark, as the US Dollar regained its safe haven appeal following somber economic projections from the Federal Reserve. In the mean time, risks such as uncertainty surrounding […]
Read moreJune 11, 2020 9:36 am
Gold prices eased but still remained near highs unseen in over one week on Thursday, as market players booked profits after recent rally. “We are seeing some profit-taking… But, gold has gotten through the $1,725 level, which suggests that we are in a pretty bullish format right now,” Stephen Innes, chief market strategist at AxiCorp, […]
Read moreJune 11, 2020 6:52 am
EUR/GBP extended gains from the previous two trading days on Thursday, touching a fresh one-week high, as market optimism over UK’s recovery took a hit after an ominous forecast from the OECD. The Sterling weakened against the common currency after a report by the Organisation for Economic Cooperation and Development (OECD) stated UK’s economy might […]
Read moreJune 10, 2020 11:49 am
GBP/USD continued on its way up for a tenth straight trading day on Wednesday, touching fresh three-month highs, mostly on the back of weaker US Dollar ahead of the outcome of the Federal Reserve’s two-day policy meeting later today. The dollar was under pressure stemming from speculation the bank could announce further steps in response […]
Read moreJune 10, 2020 9:36 am
Gold prices rose for a third consecutive day on Wednesday as US Treasury yields fell ahead of Fed’s highly anticipated policy decision later in the day. The yellow metal surged 0.97% on Tuesday, while marking its best daily performance since May 7th. Gold has appreciated 2.08% so far this week, rebounding after last week’s steepest […]
Read moreJune 10, 2020 7:01 am
EUR/GBP kept trading within a tight range around the 0.8900 mark during early European session on Wednesday, as concerns over progress in EU-UK trade negotiations continued to weigh on both the Sterling and the Euro. The European Union’s chief Brexit negotiator, Michel Barnier, is expected to speak later today, while market players will be looking […]
Read moreJune 9, 2020 11:50 am
GBP/USD came off fresh three-month highs and was set to end an eight-day streak of gains on Tuesday, as the US Dollar and other safe haven assets received a boost after China’s education ministry advised students going overseas “to conduct a good risk assessment and be cautious about choosing to go to Australia or return […]
Read moreJune 9, 2020 9:52 am
Gold prices rose for a second straight day on Tuesday, but the precious metal traded within a relatively tight range, due to investor caution ahead of the Fed’s two-day policy meeting. “Given the enthusiasm for risk and growth exposed assets, we could see pressure come to gold during the session, but on the other hand […]
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