November 17, 2020 9:14 am
AUD/USD, along with other risk assets, received a boost overnight after media reports stated that Moderna’s COVID-19 vaccine had had a 94.5% efficacy rate, according to preliminary results from a large late-stage clinical trial. The major pair was holding above the 0.7300 mark on Tuesday, after earlier touching a one-week high of 0.7334. “The Moderna […]
Read moreNovember 16, 2020 10:48 am
Having touched highs not seen since last Wednesday earlier on Monday, GBP/USD traded slightly lower in mid-European session, as Brexit negotiations resumed. Market mood remained optimistic due to hopes over a working COVID-19 vaccine and signs that the United Kingdom and the European Union might make progress in reaching a post-Brexit trade agreement. Investor optimism […]
Read moreNovember 11, 2020 9:04 am
NZD/USD rose more than 1% on Wednesday to highs not seen since late March 2019, as market players trimmed bets that the Reserve Bank of New Zealand would introduce negative interest rates. Additionally, the US Dollar paused its rally against peers as initial optimism in regard to COVID-19 vaccine progress was offset by uncertainty about […]
Read moreNovember 10, 2020 10:33 am
AUD/USD remained mostly steady in mid-European session on Tuesday, as markets mulled recent news over progress in a COVID-19 vaccine development. Yesterday the pair surged to highs unseen in almost eight weeks, after reports emerged that Pfizer Inc’s experimental vaccine had proven to be more than 90% effective against the COVID-19 disease, based on initial […]
Read moreNovember 9, 2020 10:31 am
GBP/USD climbed to a fresh two-month high in Asia on Monday, as market players cheered Joe Biden’s election victory, supporting risk-sensitive currencies and pushing the US Dollar Index (DXY) down to a 10-week low due to expectations of diminishing trade frictions between the US and China and accommodative monetary policy in support of economy. The […]
Read moreNovember 5, 2020 9:26 am
AUD/USD edged higher on Thursday, while trading not far from yesterday’s three-week high of 0.7222, as reports stated Democrat Joe Biden had moved a step closer to the White House in a knife-edge presidential election. Still, however, investors were braced for uncertainty over the election outcome, after Republican incumbent President Donald Trump launched a multi-pronged […]
Read moreNovember 4, 2020 9:06 am
NZD/USD, along with other risk-sensitive assets, retreated sharply on Wednesday, as early results from the US presidential election revealed a tight race while market players were prompted to wind back bets on Biden victory. Donald Trump was having a lead in key states such as Florida and Ohio, while investors were expecting to see if […]
Read moreNovember 3, 2020 8:45 am
AUD/USD rebounded from earlier lows, hit right after the Reserve Bank of Australia’s decision to ease policy, but moves were limited due to caution ahead of US Election Day. Market players have remained focused on the US election result later Tuesday, with many investors relying on the safety of the US Dollar so that they […]
Read moreOctober 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 moreOctober 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 […]
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