Currency News

Forex Market: AUD/USD edges lower, greenback rebounds from three-week lows ahead of key CPI inflation report

April 13, 2021 8:38 am

AUD/USD edged lower on Tuesday, as the US Dollar rebounded from a nearly three-week low against a basket of six major peers on bets US CPI inflation may pick up considerably in March, which would drive bond yields higher. The Aussie reacted in a rather muted manner to stronger-than-expected growth in Chinese imports in March, […] Read more

Forex Market: GBP/USD rebounds from a nine-week low, dollar takes a breather ahead of CPI inflation data

April 12, 2021 9:28 am

GBP/USD bounced from a nine-week low on Monday, which it hit during the late phase of the Asian session due to blood clot concerns surrounding AstraZeneca’s COVID-19 vaccine, which is considered key for the United Kingdom’s aggressive vaccination campaign. However, the Sterling is likely to see short-term support as restrictive measures in the UK are […] Read more

Forex Market: AUD/USD trades well above last week’s three-month trough, RBA rather optimistic about Australia’s economic outlook

April 6, 2021 9:05 am

Despite being a notch weaker on Tuesday, AUD/USD was still holding ground above the 0.7600 mark, as the Reserve Bank of Australia left the official cash rate without change at a record low level of 0.10% at its policy meeting earlier in the day and noted that the Australian economy had been recovering at a […] Read more

Forex Market: GBP/USD hits a fresh two-week high on prospects of faster reopening of UK economy, Dollar awaits more catalysts

April 5, 2021 9:34 am

GBP/USD started the new week on a strong foot, while hitting a fresh two-week high, supported by prospects of a faster-than-expected reopening of the British economy and a potentially robust economic growth. At the same time, the possibility of a rate cut or the introduction of negative interest rates by Bank of England has already […] Read more

Forex Market: AUD/USD edges higher as risk sentiment recovers, US Dollar Index hits a 20-week high as Treasury yields surge

March 30, 2021 9:00 am

AUD/USD traded a notch higher on Tuesday, as investor risk sentiment seemed to have recovered in Asia and Europe after US shares trimmed losses triggered by a hedge fund default. The Australian currency also largely ignored a drop in prices of iron ore and crude oil on Tuesday, with shipping traffic through the Suez Canal […] Read more

Forex Market: GBP/USD regains area above 1.3800 as concerns over vaccine supply from the EU ease

March 29, 2021 9:17 am

GBP/USD managed to extend gains from late last week on Monday, while regaining the area just above 1.3800, supported by diminishing concerns over Britain’s COVID-19 vaccine supply from the European Union. The UK seems to be on track to accelerate its vaccine roll-out during the upcoming months after the EU stopped short of imposing a […] Read more

Forex Market: AUD/USD registers a two-week low on sharp drop in oil prices, Fed Chair Powell’s Congressional testimony now eyed

March 23, 2021 9:58 am

AUD/USD retreated to a two-week low on Tuesday, as the US Dollar rose ahead of Fed Chair Powell’s testimony later in the day while the Aussie took a hit from a steep drop in oil prices. The black liquid retreated over 3% on Tuesday due to concerns that fresh pandemic-related restrictions and slow vaccine roll-outs […] Read more

Forex Market: GBP/USD remains mostly stable despite FX market jitters over Turkey, speculators reduce GBP/USD longs

March 22, 2021 10:22 am

Having touched a one-week low in Asia, GBP/USD remained mostly stable during Monday’s European session, as Forex market jitters resulting from Turkey’s surprise decision had insignificant effect on the Sterling. Meanwhile, the latest CFTC data showed that speculators had cut their net long position on GBP/USD during the week to March 16th, but still, the […] Read more

Bitcoin Prices Struggle to Hold Support

March 19, 2021 1:19 am

Bitcoin prices have rallied nicely through the month of March. However, the digital asset is struggling to maintain this monthly uptrend. Bitcoin Chart Analysis The uptrend beginning February 28 in bitcoin fits inside a really nice price trend channel. We can tell bitcoin prices respecting the support and resistance trend lines (blue highlights). Additionally, bitcoin […] Read more

Forex Market: AUD/USD eases but losses limited ahead of the FOMC policy decision, RBA Minutes with limited impact

March 16, 2021 10:25 am

AUD/USD was a notch weaker on Tuesday, but losses seemed to remain limited, as market players were expecting to see what the Federal Reserve’s response to the recent surge in bond yields would be, as the central bank concludes its two-day policy meeting on Wednesday. “The market is really sitting tight waiting for the Fed […] Read more