September 14, 2020 7:05 am
After recording the biggest weekly loss since early August last week, NZD/USD started the new week on a stronger footing, as it tracked gains across stock exchanges in Asia. Japan’s Nikkei 225 added 0.68% at the close, Hang Seng was gaining 0.65%, Australia’s ASX – 0.52%, while Shanghai Composite was up 0.05%. The US Dollar […]
Read moreSeptember 11, 2020 6:53 am
AUD/USD edged higher on Friday, but looked set for a flat weekly performance, as investor risk sentiment took a hit, sending equities lower and supporting the US Dollar. Volatility returned to equity markets and some notable wobbles were observed in tech stocks, as market players reassessed their high valuations amid an environment marked by sluggish […]
Read moreSeptember 10, 2020 11:39 am
Following a whipsaw move on Wednesday, GBP/USD remained relatively stable near the 1.3000 mark during late European session on Thursday, as market players were assessing if a newly proposed bill by Britain to undercut the Brexit divorce treaty would prompt the EU to suspend negotiations. On Wednesday the major pair slid to 1.2885, its weakest […]
Read moreSeptember 9, 2020 7:11 am
NZD/USD extended a pullback from 2020 high of 0.6789 and touched lows not seen in two weeks on Wednesday as the Reserve Bank of New Zealand is “actively preparing a package of additional monetary policy tools to support the economy if required.” The most recent statement by RBNZ Governor Adrian Orr hinted that the central […]
Read moreSeptember 8, 2020 7:30 am
AUD/USD regained ground on Tuesday and tested the 0.7300 mark in early European session, as risk appetite seemed to have returned to Asian stock markets, while the US Dollar held steady against a basket of major peers ahead of the highly anticipated European Central Bank’s policy decision, scheduled on Thursday. The central bank is expected […]
Read moreSeptember 4, 2020 7:03 am
NZD/USD continued pulling back from recent 13 1/2-month highs on Friday, after Reserve Bank of New Zealand warned of a “severe and long-lasting” economic impact from the coronavirus pandemic, while markets are now expecting the key US Non-Farm Payrolls report later in the day for clues over strength of US economic recovery. RBNZ Governor Adrian […]
Read moreSeptember 3, 2020 7:09 am
AUD/USD extended losses from the prior trading day and registered a one-week low on Thursday, as downbeat Australian services activity and trade data added to pressure, while the US Dollar continued its rebound against major peers. The latest report by Markit/Commonwealth Bank showed activity in Australia’s sector of services had contracted in August following two […]
Read moreSeptember 2, 2020 7:01 am
NZD/USD extended gains from the prior trading day and touched a fresh 13 1/2-month high on Wednesday, after Reserve Bank of New Zealand Governor Adrian Orr said the central bank’s actions had been effective in broadly reducing interest rates. “We have been effective in lowering interest rates across the board, and ensuring there is plentiful […]
Read moreSeptember 1, 2020 7:18 am
AUD/USD advanced for a sixth consecutive trading day and touched a fresh two-year high in early Asian session on Tuesday, as market players increased bets that the Federal Reserve’s policy framework shift would keep US interest rates at lower levels compared to rates in other countries. The Fed’s shift last week to target average inflation […]
Read moreAugust 31, 2020 11:20 am
GBP/USD surged to highs not seen in eight and a half months during early Asian trade on Monday, as the US Dollar was on track for its fourth consecutive month of decline against peers following the Federal Reserve Bank’s policy framework shift introduced last week. In a speech at the Jackson Hole virtual symposium last […]
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