Forex Market: AUD/USD extends gains as Australian economy creates three times as many jobs as anticipated in July

August 13, 2020 7:07 am
AUD/USD extended gains from the prior trading day on Thursday after better-than-anticipated employment data from Australia indicated economy remained resilient amid ongoing COVID-19 outbreak in Melbourne. The latest report by the Australian Bureau of Statistics showed economy created 114,700 jobs in July, or almost three times more than what analysts on average had expected. The […] Read more

Forex Market: NZD/USD sinks to a one-month low after RBNZ expands LSAP programme, “Stage 3” restrictions imposed in Auckland region

August 12, 2020 6:58 am
NZD/USD slipped to lows not seen in a month during mid-Asian session on Wednesday, after Reserve Bank of New Zealand bolstered its Large Scale Asset Purchase (LSAP) programme to NZD 100 billion at its policy meeting earlier in the day and noted that “additional monetary instruments” might be deployed. Since the economic risks remain to […] Read more

Forex Market: NZD/USD pauses rally after US President Trump’s ban on WeChat and TikTok, markets eye key Non-Farm Payrolls data

August 7, 2020 7:02 am
After a three-day streak of gains, NZD/USD took a breather on Friday, as the US Dollar bounced off a more than two-year low against a basket of six major peers after US President Donald Trump moved to prohibit transactions with two China-based corporate entities that own popular mobile applications TikTok and WeChat. Market players are […] Read more

Forex Market: GBP/USD touches a fresh five-month high after Bank of England’s less pessimistic outlook for UK economy

August 6, 2020 11:01 am
GBP/USD extended gains from the prior trading day and hit a fresh five-month high during mid-European session on Thursday, after Bank of England revealed a less pessimistic outlook about UK’s pandemic-ravaged economy. After an unanimous vote, BoE’s Monetary Policy Committee left the key bank rate at a record low level of 0.10% at its meeting […] Read more