October 27, 2020 8:40 am
NZD/USD rose on Tuesday and was on track to retest last Friday’s one-month high of 0.6705, as upbeat Asian macro data offset concerns over a second wave of the COVID-19 disease across the United States and Europe. Profits in China’s industrial sector surged for a fifth consecutive month in September, while South Korea returned to […]
Read moreOctober 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 moreOctober 23, 2020 10:01 am
GBP/USD was trading slightly higher in mid-European session on Friday and was set to register its best weekly performance since the business week ended October 2nd, as negotiators from Britain and the European Union began intense talks aimed to achieve a last-minute Brexit trade agreement. On Wednesday GBP/USD surged by more than 1.5%, while marking […]
Read moreOctober 22, 2020 7:35 am
NZD/USD was holding gains achieved a day ago on Thursday, as US fiscal stimulus negotiations continued to occupy market focus, while investors were looking for more clarity over progress made on the potential size of the coronavirus relief package. Yesterday investor risk sentiment received a boost, while the US Dollar retreated to lows unseen since […]
Read moreOctober 21, 2020 7:39 am
Having slipped to a three-week low on Tuesday after the release of the RBA Minutes, AUD/USD was attempting a rebound on Wednesday as investor risk sentiment received a boost due to pre-election US coronavirus aid deal optimism. Reports emerged stating that the White House and Democrats have taken a step closer to an agreement on […]
Read moreOctober 20, 2020 7:35 am
New Zealand Dollar retreated along with its Australian counterpart on Tuesday, while hitting a two-week low against the greenback, as investor risk sentiment cooled ahead of a Tuesday deadline for a deal on a US coronavirus relief package. At the same time, the minutes from the Reserve Bank of Australia’s latest policy meeting showed board […]
Read moreOctober 19, 2020 7:47 am
After retreating more than 2% last week, AUD/USD began the new week on a stronger footing, supported by macro data showing China’s rebound from the coronavirus pandemic remained on track during the third quarter. China’s economy grew at an annualized rate of 4.9% in Q3, which fell short of market expectations of a 5.2% growth, […]
Read moreOctober 16, 2020 9:46 am
GBP/USD was attempting a rebound on Friday following Thursday’s retreat, as market players were expecting British Prime Minister Boris Johnson’s approach to Brexit negotiations later in the day. Previously, Johnson had set October 15th as a deadline after which Britain would leave the negotiations table in case a deal had not been secured. “There are […]
Read moreOctober 15, 2020 7:48 am
AUD/USD retreated to a fresh one-week low on Thursday as an announcement by the Reserve Bank of Australia raised speculation that interest rates might be cut in the near term, while the bank might increase purchases of longer-term government bonds. 10-year Australian bonds rallied on Thursday after RBA Governor Philip Lowe said yields were among […]
Read moreOctober 14, 2020 7:10 am
NZD/USD was edging up in early European session on Wednesday following remarks by a senior official from the Reserve Bank of New Zealand, but uncertainty surrounding a coronavirus vaccine and a new US fiscal stimulus package kept the safe haven US Dollar supported, while limiting kiwi gains. In a speech via video link during a […]
Read more