July 13, 2020 11:56 am
GBP/USD encountered resistance at 1.2670, or the area near the high from June 16th, for a third straight trading day on Monday, beginning what is going to be a macro data-laden week. The US Dollar lost its safe haven allure and risk-sensitive currencies advanced over the past week on investor bets the worst of the […]
Read moreJuly 13, 2020 7:20 am
AUD/USD looked set to snap a two-day streak of losses and traded not far from last Thursday’s one-month high during early European session on Monday, as hopes of a potential COVID-19 vaccine seemed to have offset concerns over the spread of the illness, reducing the haven appeal of the US Dollar. Last Friday Gilead Sciences […]
Read moreJuly 10, 2020 11:45 am
GBP/USD came off Thursday’s three-week highs and steadied just above the 1.2600 mark in late European trade on Friday, as the recent dollar rally seemed to have paused. The Pound and other risk-sensitive currencies fell overnight as concerns over the accelerating coronavirus spread across the United States and a new surge in infections in some […]
Read moreJuly 10, 2020 6:57 am
NZD/USD eased from Thursday’s 5 1/2-month high and traded within a tight range in early European session on Friday, as the intensifying spread of the coronavirus across the United States further dampened optimism over a swift economic recovery, fueling demand for safe haven currencies such as the greenback. The latest data showed new confirmed COVID-19 […]
Read moreJuly 9, 2020 11:46 am
GBP/USD extended gains from the previous trading day on Thursday and managed to break above the 1.2600 mark hours after the announcement of UK Chancellor of the Exchequer Rishi Sunak’s economic plan to support recovery. However, developments surrounding Brexit were still restraining the Pound’s appreciation. Britain’s Finance Minister announced additional GBP 30 billion in support […]
Read moreJuly 9, 2020 7:03 am
AUD/USD held recent gains in early European trade on Thursday, with the pair changing hands just below the psychological 0.7000 mark, as it tracked a strong performance of US Equities, particularly within the technological sector. The US Dollar lost some of its haven appeal and retreated to two-week lows on Wednesday, while the Nasdaq Composite […]
Read moreJuly 8, 2020 11:20 am
GBP/USD eased from yesterday’s three-week highs, but remained supported above the 1.2500 mark on Wednesday, as EU and British negotiators resumed Brexit talks and ahead of a new budget speech by UK’s Chancellor of the Exchequer Rishi Sunak, scheduled at 11:30 GMT. Sunak is expected to announce a GBP 2 billion fund aimed to ensure […]
Read moreJuly 8, 2020 6:58 am
NZD/USD extended losses from the previous trading day on Wednesday, as COVID-19 resurgence in the United States and renewed lockdowns in some countries heightened the safe haven appeal of the US Dollar. Yesterday the number of confirmed cases of the illness in the United States were reported to have surpassed 3 million, which pushed US […]
Read moreJuly 7, 2020 11:42 am
GBP/USD attempted to register a meaningful break above the psychological 1.2500 level for a fourth consecutive trading day on Tuesday, after slipping below it on several occasions in the past sessions, as market players awaited further details regarding UK government’s spending plans tomorrow when Chancellor of the Exchequer Rishi Sunak delivers a speech. A report […]
Read moreJuly 7, 2020 7:17 am
AUD/USD eased from highs not seen in over three weeks on Tuesday, after Victorian Premier Daniel Andrews announced a lockdown of metropolitan Melbourne to curb surging new coronavirus infections in the state, while the Reserve Bank of Australia kept its cash rate intact at a record low level of 0.25% at its policy meeting earlier […]
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