June 23, 2020 6:44 am
Investor risk sentiment took a hit early on Tuesday, sending GBP/USD lower after yesterday’s rally, as reports emerged stating the trade deal between the United States and China is “over.” The news raised concerns that the already strained ties between the two major economic powers could now deteriorate and undermine flow of capital and supply […]
Read moreJune 22, 2020 12:01 pm
Having touched a three-week low in early Asian trade on Monday, GBP/USD regained certain ground later in the day and was set to snap a four-day streak of losses, as the US Dollar weakened while the chances for an EU-UK trade deal are now seen as improving. A COT report showed that investors’ short exposure […]
Read moreJune 22, 2020 7:10 am
Having advanced to a 12-week high of 0.9073 on Friday, EUR/GBP traded slightly lower during early European session on Monday. The minor pair remained affected by both divisions among EU leaders over the structure of a planned coronavirus recovery fund and prospects of a no-deal Brexit since EU-UK trade negotiations have shown little progress. At […]
Read moreJune 19, 2020 11:31 am
NZD/USD retreated for a second straight trading day on Friday and was poised to register its second successive week of losses as well, since rising geopolitical tensions and concerns over a second wave of the COVID-19 illness heightened the safe haven appeal of the US Dollar. Reports of a surge in new COVID-19 infections in […]
Read moreJune 19, 2020 7:15 am
GBP/USD plummeted to lows unseen since June 1st on Thursday, following Bank of England’s decision to bolster its bond-purchasing programme by £100 billion, in line with market expectations. The major pair managed to recoup a small part of that loss during Friday’s Asian session, but it was still set to register a second straight week […]
Read moreJune 18, 2020 11:50 am
Having retreated to an intraday low after bleak Australian jobs data earlier on Thursday, AUD/USD managed to recoup part of those losses during European trade. However, the upside move encountered resistance in the area near the 0.6900 mark, as fears over coronavirus resurgence weighed on market sentiment. The US Dollar has regained its safe haven […]
Read moreJune 18, 2020 6:46 am
GBP/USD traded within a tight range on Thursday prior to Bank of England’s monetary policy decision and after recent macroeconomic reports showed rising number of jobless claims and slowing consumer price inflation in the United Kingdom. Uncertainty surrounding Brexit also remains a risk for the Pound, as the current transition deal expires in December and […]
Read moreJune 17, 2020 11:43 am
Having distanced from Tuesday’s multi-day highs, NZD/USD consolidated in the area around 0.6450 on Wednesday, as a range of factors, including record-high new COVID-19 infections in six US states, new confirmed cases in Beijing as well as confrontation between Chinese and Indian troops in the western Himalayas, were weighing on investor risk sentiment. “Market players […]
Read moreJune 17, 2020 7:29 am
GBP/USD came off highs reached in the prior trading day and consolidated below the 1.2600 mark on Wednesday on stronger US Dollar and following the latest inflation data that came out from the UK. A report by the Office for National Statistics showed earlier Tuesday that annual consumer price inflation in the United Kingdom slowed […]
Read moreJune 16, 2020 11:37 am
AUD/USD maintained gains achieved in the prior two trading days on Tuesday, as the announcement of the Federal Reserve’s corporate bond purchasing program spurred risk-on mood across financial markets. The US central bank said that it would begin buying a diversified range of investment grade US corporate bonds from Tuesday as part of an earlier […]
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