August 28, 2020 7:08 am
NZD/USD kept trading in proximity to Thursday’s three-week high in early European session on Friday, after Fed Chair Jerome Powell announced a new approach aimed at job creation and based on average inflation targeting. In his speech at the Jackson Hole virtual symposium yesterday the Federal Reserve Chairman said the central bank would aim to […]
Read moreAugust 27, 2020 7:07 am
AUD/USD held steady in proximity to 2020 high of 0.7276 in early European session on Thursday as Australian business investment reportedly shrank at a lesser-than-anticipated rate in the second quarter, while market players were turning their attention to Fed Chairman Jerome Powell’s speech during the annual central bankers’ virtual conference for hints over a possible […]
Read moreAugust 26, 2020 7:21 am
NZD/USD remained in consolidation mode during early European session on Wednesday, after the kiwi benefited from US-China trade deal commitment while the US Dollar took a hit on the back of weaker-than-expected consumer confidence data in the prior trading day. Markets were now expecting the latest report on US durable goods orders later on Wednesday […]
Read moreAugust 25, 2020 7:08 am
AUD/USD resumed its bullish move on Tuesday, supported by news of a successful phone call between top trade negotiators from the United States and China despite frictions between the two economic superpowers on other fronts. The US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin spoke with China’s Vice Premier Liu He, with talks […]
Read moreAugust 24, 2020 7:03 am
NZD/USD traded within a narrow range during early European session on Monday amid lack of relevant macro data, while market players now focus on the Federal Reserve’s annual symposium later in the week for guidance on monetary policy outlook. The 44th annual Economic Policy Symposium, scheduled on August 27th-August 28th, will be a virtual event […]
Read moreAugust 21, 2020 6:58 am
AUD/USD extended gains from the prior trading day and remained not far from 18 1/2-month highs on Friday, as the US Dollar softened against a basket of six major peers after an unexpected rise in US jobless claims and a drop in US bond yields. The number of American citizens filing for unemployment assistance unexpectedly […]
Read moreAugust 20, 2020 6:45 am
New Zealand Dollar registered its biggest single-day drop against its US counterpart since August 7th on Wednesday after the Minutes from the Federal Reserve’s July meeting provided little clues over whether a more dovish policy shift can be observed in September. NZD/USD remained mostly flat in early European session on Thursday. Many have speculated that […]
Read moreAugust 19, 2020 7:07 am
AUD/USD extended gains from the prior three trading days and remained close to yesterday’s 18 1/2-month highs on Wednesday amid continuing political wrangling over the next US coronavirus aid bill, as market players awaited the Minutes from the Federal Reserve’s most recent meeting for further clues over policy. Speculation has emerged that an average inflation […]
Read moreAugust 18, 2020 7:23 am
NZD/USD resumed slide on Tuesday, as the kiwi dollar remained under pressure amid continuing lockdown restrictions in Auckland and expectations of further monetary easing by Reserve Bank of New Zealand in the future. The New Zealand Dollar retreated despite broad weakness of its US counterpart. The US Dollar weakened against a basket of six major […]
Read moreAugust 17, 2020 11:17 am
GBP/USD extended gains from the prior two trading days and was holding above the 1.3100 mark during late European session on Monday, after weekly CFTC futures data showed investors’ net short speculative position on the Sterling had shrunk for a second straight week. The CFTC reported that speculators’ net short position on the British currency […]
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