October 5, 2021 9:12 am
AUD/USD snapped a three-day streak of gains on Tuesday as investors were concerned about inflation, rising oil prices and a possible economic slowdown in China, while Reserve Bank of Australia continued with its plan to maintain its bond-purchasing program at a pace of AUD 4 billion per week until at least mid-February 2022. At the […]
Read moreOctober 4, 2021 8:46 am
After recording its fourth straight period of decline last week, GBP/USD was mostly steady during Monday’s European trade. Market players seemed to have focused on a sour UK outlook and the risk of both higher interest rates and inflation, disregarding hawkish rhetoric from Bank of England. “Investors are judging the UK by its whole suite […]
Read moreSeptember 28, 2021 9:07 am
AUD/USD bounced off the area of resistance (0.7300-0.7319) on Tuesday, as the US Dollar extended gains from the previous two trading days, supported by expectations of monetary policy tightening by the Federal Reserve. A surge in US bond yields drove the US Dollar Index up to a fresh five-week high of 93.616 on Tuesday. The […]
Read moreSeptember 27, 2021 9:00 am
GBP/USD and other risk-sensitive assets rose at the start of the new week, as concerns over a widespread market contagion from indebted property developer China Evergrande Group began to subside. Last Thursday the Sterling surged 0.8% against the dollar after a rather hawkish tone by the Bank of England on interest rates and after two […]
Read moreSeptember 21, 2021 8:58 am
AUD/USD snapped a three-day streak of losses on Tuesday, while tracking a rally in crude oil prices and despite overall risk-averse mood. Yesterday the Aussie slipped to a fresh one-month low against its US counterpart, as the risk of a potential default by property developer China Evergrande heightened, causing a flight to safety in the […]
Read moreSeptember 20, 2021 8:53 am
GBP/USD retreated for a third straight trading day on Monday, while touching a fresh one-month low, as the US Dollar remained firm on investor expectations of the Federal Reserve moving a step closer towards asset purchase tapering this week. Additionally, concerns that the eventual collapse of indebted developer China Evergrande could lead to a broader […]
Read moreSeptember 13, 2021 9:02 am
GBP/USD extended a pullback from recent one-week peak on Monday, as the US Dollar strengthened ahead of key macro data that may provide clues over the timing of the Federal Reserve’s asset purchase tapering. Having registered its first weekly gain in three last week due to increased safe haven demand and higher US bond yields, […]
Read moreSeptember 7, 2021 8:48 am
AUD/USD extended losses on Tuesday after the Reserve Bank of Australia cut its bond-purchasing program by AUD 1 billion per week to AUD 4 billion per week and also extended the program to at least mid-February 2022. Many analysts had expected the RBA to delay bond tapering, since lockdown restrictions in major cities will probably […]
Read moreAugust 31, 2021 9:04 am
AUD/USD rose on Tuesday, while extending a rebound from August 20th low of 0.7106 – a 9 1/2-month low, after new data showed that a surge in government spending had facilitated a crucial boost to growth, probably helping the economy avoid recession. The official Australian GDP numbers for the second quarter are due to be […]
Read moreAugust 30, 2021 9:08 am
GBP/USD remained stuck within a narrow range in light trade on Monday, as the US Dollar hovered just above a two-week low after the Federal Reserve laid out a slower-than-anticipated path to interest rate increases. In a speech at the Jackson Hole symposium on Friday Fed Chair Jerome Powell said that the central bank’s tapering […]
Read more