August 3, 2021 8:38 am
AUD/USD extended gains on Tuesday after the Reserve Bank of Australia surprised markets with its decision to stick with bond purchase tapering plans. At the same time, the RBA official cash rate was kept intact at a record low level of 0.10% during the bank’s policy meeting earlier on Tuesday, in line with market expectations. […]
Read moreJuly 27, 2021 8:32 am
AUD/USD was a notch weaker on Tuesday, as market players abstained from opening big positions ahead of the Federal Reserve’s monetary policy decision later this week, which could provide guidance on whether the central bank will begin tapering stimulus. According to Commonwealth Bank of Australia strategist Joe Capurso, a suggestion that tapering could begin soon […]
Read moreJuly 26, 2021 8:51 am
GBP/USD was stuck within a tight range on Monday, as risk sentiment remained subdued amid surging new coronavirus infections and a drop in Asian shares ahead of the Federal Reserve’s two-day policy meeting this week. Against a basket of six major peers, the US Dollar was little changed on the day, but in proximity to […]
Read moreJuly 20, 2021 9:13 am
AUD/USD, a liquid proxy for risk, traded near a fresh 34-week low on Tuesday, as rising concerns about the impact of the Delta variant on global economic recovery triggered a rush to safety, supporting the US Dollar and the Japanese Yen. “Learning to live with COVID is not being enthusiastically embraced amid the spread of […]
Read moreJuly 19, 2021 8:43 am
GBP/USD plunged to a fresh three-month low on Monday, as jittery mood over England’s re-opening dominated global markets amid continuing spread of the Delta variant of the novel coronavirus, supporting demand for safe haven assets such as the US Dollar and the Japanese Yen. July 19th marks the end of most social restrictions in England, […]
Read moreJuly 13, 2021 8:27 am
AUD/USD edged higher on Tuesday, while extending a rebound from last week’s trough, ahead of the US CPI inflation report, which could provide clues over the timing of the Federal Reserve’s stimulus tapering and rate hikes. Still, pandemic-related lockdown restrictions were limiting the Aussie’s upside. “The worsening Covid-19 outbreaks in Sydney is keeping Australian dollar […]
Read moreJuly 12, 2021 9:01 am
GBP/USD eased from a fresh two-week high during Monday’s European session amid lack of catalysts to sustain last week’s move up, while investors now turn their attention to the upcoming key inflation numbers from the United States and the United Kingdom. The pair will likely continue trading within a tight range today ahead of the […]
Read moreJuly 6, 2021 9:06 am
AUD/USD rose on Tuesday after the Reserve Bank of Australia (RBA) said it would taper bond purchases from September, while also reiterating that an interest rate hike would not occur until at least 2024. At the same time, the RBA official cash rate was kept intact at a record low level of 0.10% during the […]
Read moreJuly 5, 2021 8:43 am
GBP/USD extended a rebound from 11-week lows on Monday, as the US Dollar paused recent rally, while Britain was approaching the end of major COVID-19 lockdown restrictions. Health Secretary Sajid Javid has said that there was no reason for restrictive measures to remain in place beyond July 19th in England, while all major legal pandemic-related […]
Read moreJune 29, 2021 9:00 am
AUD/USD, a liquid proxy for risk, retreated for a second straight day on Tuesday due to subdued investor risk appetite amid concerns over renewed coronavirus-related lockdowns across parts of the country. A stronger US Dollar also weighed. “The Aussie fell sharply overnight … after Boston Federal Reserve president Eric Rosengren raised the spectre of higher […]
Read more