June 30, 2020 6:43 am
GBP/USD retreated for a fifth straight trading day on Tuesday and was set to retest Monday’s one-month low of 1.2252, after a report by the UK Office for National Statistics showed economy had contracted at the steepest quarterly pace since the third quarter of 1979 in Q1, as non-essential businesses shut down and consumers remained […]
Read moreJune 29, 2020 11:47 am
AUD/USD traded within a relatively narrow daily range on Monday, as a surge in new COVID-19 cases across the globe and restrictions being reimposed in some areas pressured demand for risk-sensitive currencies. The total number of confirmed coronavirus cases globally exceeded 10 million, while the death toll surpassed 500,000 on Sunday. The United States reported […]
Read moreJune 29, 2020 6:57 am
GBP/USD rebounded from Friday’s one-month lows during early European trade on Monday, as a new round of negotiations on trade between the EU and the UK is expected to begin this week. Despite that the UK economy is gradually reopening after lockdown restrictions, many analysts still view Brexit as the factor to have the most […]
Read moreJune 26, 2020 11:48 am
NZD/USD extended gains from the previous trading day on Friday and was set to snap a two-week losing streak, after a business survey showed an improvement in New Zealand households’ confidence in June. ANZ-Roy Morgan NZ Consumer Confidence Index rose to a level of 104.5 in June from 97.3 in May, as consumers’ perceptions of […]
Read moreJune 26, 2020 7:19 am
GBP/USD kept trading at a short distance away from Thursday’s lows on Friday, as the US Dollar seemed to have retained its safe haven appeal amid a sharp rise in US COVID-19 cases that put the reopening of the economy in question. New daily cases across the United States rose at a record pace on […]
Read moreJune 25, 2020 11:53 am
After its largest single-day drop since June 11th on Wednesday, AUD/USD extended losses in late European trade on Thursday, as risk aversion persisted. Mounting concerns over the coronavirus resurgence in multiple parts of the globe have delivered a sizable blow to market sentiment, as the V-shaped economic recovery expected by many seemed to be in […]
Read moreJune 25, 2020 7:03 am
GBP/USD extended losses from the prior trading day on Thursday, as rising new coronavirus cases in the United States and new frictions on trade dampened optimism over swift economic recovery, urging a move away from riskier assets. Daily new COVID-19 infections in the US reached almost 36,000, the latest data showed, nearing a record set […]
Read moreJune 24, 2020 11:47 am
NZD/USD retreated more than 0.90% on Wednesday, while being set to snap a two-day streak of gains, after Reserve Bank of New Zealand stated the balance of economic risks was still to the downside, regardless of relaxed social restrictions and an earlier resumption of local economic activity. RBNZ also said it was ready to provide […]
Read moreJune 24, 2020 7:00 am
EUR/GBP touched a fresh three-month high of 0.9079 on Tuesday on the back of upbeat macro data from the Euro Area, which, along with better-than-expected data in the United Kingdom and in the United States, added to optimism over global economic recovery. The single currency remained well supported above the 0.9010 mark for a fourth […]
Read moreJune 23, 2020 11:44 am
AUD/USD erased earlier losses and surged to a fresh one-week high during European trade on Tuesday, as investor risk appetite resumed, while recent macro data added to hopes of a swift recovery from the pandemic-induced recession. Market risk sentiment took a hit in early Asian trade on Tuesday, mounting pressure on equities, commodity currencies and […]
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