July 21, 2020 7:02 am
AUD/USD gained for a third straight trading day and touched a fresh six-week high on Tuesday as a fiscal stimulus announcement in Europe buoyed global risk sentiment, supporting currencies such as the Aussie and the kiwi. European Union leaders finally reached an agreement on a EUR 750 billion stimulus plan for their coronavirus-ravaged economies after […]
Read moreJuly 20, 2020 7:10 am
NZD/USD has faced strong resistance in the area just below the 0.6600 mark since early July, with the daily chart visualizing the formation of a possible Double Top, marked by the high from June 10th (0.6585) and the high from July 9th (0.6601). The daily chart also showcases a bearish divergence between NZD/USD exchange rate […]
Read moreJuly 17, 2020 11:32 am
GBP/USD remained mostly stable in late European trade on Friday, but was set to register its sharpest weekly loss in one month, as uncertain macroeconomic outlook, arduous Brexit negotiations as well as Britain’s highest COVID-19 death toll in Europe have all mounted pressure on the Pound. As the UK economy rebounded at a considerably slower […]
Read moreJuly 17, 2020 7:07 am
Having failed to hold above psychological 0.7000 level on several occasions since the start of July, AUD/USD traded within a narrow range just below that mark on Friday, but was still set to register its fourth straight week of gains. The US Dollar held gains against the majority of its peers overnight, after the United […]
Read moreJuly 16, 2020 11:28 am
GBP/USD retreated on Thursday despite an unexpected drop in UK jobless claims in June, as mixed macro data from China failed to support investor risk sentiment, while boosting the greenback. Earlier Thursday China reported a faster-than-expected GDP growth during the second quarter, 3.2% year-on-year. However, retail sales unexpectedly shrank at an annualized rate of 1.8% […]
Read moreJuly 16, 2020 7:07 am
NZD/USD retreated on Thursday, as mixed Chinese and domestic macroeconomic data did not support a move beyond the psychological 0.6600 level. China, New Zealand’s largest trading partner, reported a faster-than-expected GDP growth during the second quarter, 3.2% year-on-year. However, retail sales unexpectedly shrank at an annualized rate of 1.8% in June, which marked the sixth […]
Read moreJuly 15, 2020 11:38 am
GBP/USD rebounded on Wednesday, moving back above the 1.2600 mark, as the US Dollar retreated due to improved risk sentiment following news of progress in development of a potential COVID-19 vaccine. The Pound also benefited from a surprisingly upbeat UK CPI inflation report, released earlier Wednesday. Several news media reported that Moderna Inc’s experimental COVID-19 […]
Read moreJuly 15, 2020 6:56 am
AUD/USD extended gains from the prior trading day and touched a fresh one-month high in early Asian session on Wednesday, as news of progress in development of a potential coronavirus vaccine and upbeat US CPI inflation numbers fueled demand for risk-sensitive currencies such as the Aussie. Reports emerged that Moderna Inc’s experimental COVID-19 vaccine had […]
Read moreJuly 14, 2020 10:47 am
GBP/USD extended losses from the previous trading day and touched a fresh one-week low in early European trade on Tuesday after a report by the UK Office for National Statistics showed a larger-than-anticipated GDP contraction in May. Annual Gross Domestic Product shrank 24.0% in May, or at the second sharpest pace on record, following a […]
Read moreJuly 14, 2020 7:11 am
NZD/USD extended losses from the prior trading day on Tuesday, as frictions between the United States and China on several fronts as well as surging new COVID-19 cases dampened demand for risk-sensitive currencies such as the kiwi dollar. Diplomatic relations between Beijing and Washington have worsened. The United States is moving closer to end Hong […]
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