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 moreApril 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 moreMarch 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 moreMarch 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 moreMarch 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 moreMarch 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 moreMarch 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 moreMarch 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 moreMarch 15, 2021 10:04 am
GBP/USD rebounded on Monday after a 0.6% drop last Friday ahead of central bank policy meetings, as the success of the UK vaccination program continued to underpin the Sterling. The latest data showed that more than 512 000 people in the UK had received their first dose of a COVID-19 vaccine on Saturday, while the […]
Read moreMarch 8, 2021 10:07 am
Having touched a three-week trough on Friday due to a broadly stronger dollar, GBP/USD traded mostly stable above 1.3800 during the European session on Monday, as the latest CFTC futures data showed Pound speculators had been the most bullish in three years. Against a basket of six major peers, the US Dollar continued to gain […]
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