Forex Market: GBP/USD rebounds from recent two-week lows, heads for a small monthly gain

October 30, 2020 10:32 am
Following two straight trading days of losses, GBP/USD edged up during mid-European trade on Friday and looked set for a monthly gain. Still, however, moves were limited due to lack of new headlines concerning Brexit trade deal talks. EU-UK negotiations were resumed this week, with fisheries and rules governing state subsidies remaining the two critical […] Read more

Forex Market: AUD/USD maintains gains as CPI inflation data adds to RBA policy easing prospects in support of economy

October 28, 2020 8:51 am
AUD/USD remained mostly steady in early European session on Wednesday, while being not far from last Friday’s one-week high of 0.7158, after an official report showed Australian consumer price inflation had come in slightly better than expectations. Consumer prices went up 0.7% year-on-year during the third quarter, while matching a consensus of estimates, following a […] Read more

Forex Market: AUD/USD eases from one-week highs as investors trim risk bets

October 26, 2020 8:40 am
Having touched a one-week high last Friday, AUD/USD eased on Monday, as a combination of factors, including a potentially disputed US presidential election, faint prospects of a coronavirus aid bill prior to the vote and accelerating virus spread across the globe, fueled investor risk aversion, supporting the US Dollar. Markets remained in a risk-off mode, […] Read more