Forex Market: NZD/USD eases from a fresh one-month high on profit taking, holds gains achieved last week ahead of US data

July 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 more

Forex Market: GBP/USD records modest gains as markets wait for fresh catalysts, US services data in focus

July 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 more

Forex Market: GBP/USD rises to a fresh one-week high on data-driven optimism, vaccine hopes, focus shifts on US NFP report

July 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 […] Read more

Forex Market: NZD/USD set for largest monthly gain since December, markets weigh data-driven optimism and virus-related fears

June 30, 2020 11:39 am
NZD/USD retreated for a third straight trading day on Tuesday, as market sentiment was caught between two currents – optimism driven by better-than-expected US housing and Chinese manufacturing data and concerns that the rapid spread of the coronavirus across the globe could endanger V-shaped economic recovery. “Markets are jumpy. Tension remains between economic and virus […] Read more