July 29, 2020 7:07 am
GBP/USD kept steady near yesterday’s 20-week high in early European trade on Wednesday, as the US Dollar remained close to two-year lows against major peers ahead of the outcome of the Federal Reserve’s policy meeting later today. The central bank is expected to stick to a dovish policy stance amid alarming spikes in new COVID-19 […]
Read moreJuly 28, 2020 7:03 am
NZD/USD came off fresh seven-month highs on Tuesday, as the US Dollar rebounded from a two-year trough against major peers due to eased selling pressure ahead of the Federal Reserve’s two-day policy meeting and a political decision on the next US fiscal rescue plan. Despite that the Fed is expected to keep rates intact, a […]
Read moreJuly 27, 2020 11:21 am
GBP/USD extended gains from the past several trading days and touched highs not seen since mid-March on Monday, as the Sterling benefited mostly from a broadly weaker dollar amid lack of other major drivers. “It should be more of the same for GBP this week. It is a very quiet week on the UK data […]
Read moreJuly 27, 2020 6:57 am
AUD/USD extended gains from the prior trading day on Monday and kept trading not far from last Wednesday’s 27-month high of 0.7182, as the US Dollar continued to retreat against major peers on bets the Federal Reserve could signal another accommodative shift in its outlook at its policy meeting on July 28th-29th. The central bank […]
Read moreJuly 24, 2020 7:02 am
GBP/USD kept steady near fresh six-week highs on Friday after a report by the UK Office for National Statistics showed retail sales had surged at a record monthly rate in June, far exceeding market expectations. Retail sales rose 13.9% in June from a month ago, following a revised up 12.3% increase in May. However, considering […]
Read moreJuly 23, 2020 10:57 am
GBP/USD maintained ground above the 1.2700 mark on Thursday, but traded within a relatively tight range as market players were expecting fresh news over any developments regarding EU-UK Brexit trade negotiations. Earlier this week reports emerged stating that the United Kingdom had abandoned hopes to sign a post-Brexit trade deal with the European Union, while […]
Read moreJuly 23, 2020 7:11 am
AUD/USD rallied for a fifth straight trading day on Thursday and remained not far from yesterday’s 15-month high, but market players are now likely to stick to caution amid escalating tensions between China and the United States. China has until Friday to close its consulate in Houston on accusations of espionage, while US President Trump […]
Read moreJuly 22, 2020 11:30 am
Having touched a six-week high on Tuesday, GBP/USD distanced from that area on Wednesday, sliding below the 1.2700 mark, as reports in the media emerged hinting at a possible no-deal Brexit scenario. British Transport Secretary Grant Shapps said earlier Wednesday that the government wanted a free trade deal with the European Union, but still, the […]
Read moreJuly 22, 2020 7:20 am
NZD/USD gained for a fourth straight trading day on Wednesday, touching highs not seen since early January, as a surge in investor risk appetite helped the pair overcome a major level of resistance (0.6600). The announcement of a “historic” EU deal on a EUR 750 billion stimulus plan continued to support risk-on mood. “The deal […]
Read moreJuly 21, 2020 11:37 am
GBP/USD extended gains from the prior two trading days and touched highs not seen in nearly six weeks during early European trade on Tuesday, as the announcement of a “historic” EU deal on recovery fund and positive news regarding COVID-19 vaccine trials bolstered risk-sensitive currencies such as the Pound. European Union leaders finally reached an […]
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