September 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 moreAugust 24, 2021 8:59 am
AUD/USD extended a rebound from 41-week lows on Tuesday, supported by a 3% surge in iron ore prices and some weakness in the US Dollar, as market focus turns to the Jackson Hole convention hosted by the Federal Reserve. Market risk sentiment improved after the US Food and Drug Administration granted full approval to the […]
Read moreAugust 23, 2021 9:05 am
GBP/USD rebounded from last week’s one-month trough on Monday, while tracking other risk-sensitive assets, as investor risk sentiment improved while the safe-harbor greenback came off recent highs. The US Dollar eased from an over 9-month peak against a basket of six major peers on Monday, as market sentiment improved with a rebound in Asian shares […]
Read moreAugust 17, 2021 8:40 am
AUD/USD extended losses on Tuesday after the minutes from the RBA’s policy meeting in August showed that the recent outbreaks of the Delta variant of the coronavirus and lockdowns in Sydney, Melbourne and Canberra had disrupted economic recovery and led to a high degree of uncertainty surrounding the outlook for the second half of 2021. […]
Read moreAugust 9, 2021 12:56 pm
GBP/USD traded within a relatively tight range on Monday, while hovering just above lows unseen in 1 1/2 weeks, as market players were weighing up the possibility of an earlier asset purchase tapering by the Federal Reserve. The major pair retreated over 0.4% on Friday on the back of a stronger-than-anticipated US Non-Farm Payrolls report. […]
Read moreAugust 3, 2021 8:38 am
AUD/USD extended gains on Tuesday after the Reserve Bank of Australia surprised markets with its decision to stick with bond purchase tapering plans. At the same time, the RBA official cash rate was kept intact at a record low level of 0.10% during the bank’s policy meeting earlier on Tuesday, in line with market expectations. […]
Read moreJuly 27, 2021 8:32 am
AUD/USD was a notch weaker on Tuesday, as market players abstained from opening big positions ahead of the Federal Reserve’s monetary policy decision later this week, which could provide guidance on whether the central bank will begin tapering stimulus. According to Commonwealth Bank of Australia strategist Joe Capurso, a suggestion that tapering could begin soon […]
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