July 5, 2021 8:43 am
GBP/USD extended a rebound from 11-week lows on Monday, as the US Dollar paused recent rally, while Britain was approaching the end of major COVID-19 lockdown restrictions. Health Secretary Sajid Javid has said that there was no reason for restrictive measures to remain in place beyond July 19th in England, while all major legal pandemic-related […]
Read moreJune 29, 2021 9:00 am
AUD/USD, a liquid proxy for risk, retreated for a second straight day on Tuesday due to subdued investor risk appetite amid concerns over renewed coronavirus-related lockdowns across parts of the country. A stronger US Dollar also weighed. “The Aussie fell sharply overnight … after Boston Federal Reserve president Eric Rosengren raised the spectre of higher […]
Read moreJune 29, 2021 8:05 am
The twenty-year-old history of Forex Expo is about to be continued with the 2021 event coming to Cyprus this November. The interactive event is organized by FINEXPO, which boasts a community of more than 100,000 crypto and forex individuals. The event will be held for two days in Parklane Resort & Spa, Limassol, Cyprus. Forex […]
Read moreJune 28, 2021 9:25 am
Following a two-day streak of losses, GBP/USD was a notch stronger at the start of the new, data-laden week. The Sterling seemed unfazed by the latest political news from the UK, with Matt Hancock having to resign as health secretary after breaching social distancing rules. The latest CFTC report showed that speculators had trimmed their […]
Read moreJune 22, 2021 8:45 am
AUD/USD resumed its retreat on Tuesday, as iron ore prices continued to drop, while China prepares to tighten oversight of the commodity market. The most recent drop in iron ore futures narrowed the commodity’s year-to-date advance to 30%, while China was set to step up inspections into the market. “China is upping the ante on […]
Read moreJune 21, 2021 9:03 am
GBP/USD rebounded from an over nine-week low on Monday, with market focus now turning to a testimony by Fed Chair Jerome Powell on pandemic emergency lending before the Select Subcommittee on the Coronavirus Crisis on Tuesday and to June’s policy decision from the Bank of England on Thursday. BoE policymakers look set to remain divided […]
Read moreJune 15, 2021 9:12 am
AUD/USD traded in a narrow range on Tuesday ahead of a keenly anticipated Federal Reserve policy meeting and after the Reserve Bank of Australia released the minutes from its June meeting. The RBA minutes showed that policy makers would not raise the official cash rate until actual inflation in Australia was sustainably within the 2% […]
Read moreJune 14, 2021 9:05 am
GBP/USD extended last Friday’s losses at the start of the new week, mostly due to a firmer US Dollar. The Sterling seemed to have shown little reaction to news that the British government will probably defer the end of coronavirus-related social restrictions. PM Boris Johnson is expected to announce a delay of four weeks to […]
Read moreJune 8, 2021 9:03 am
AUD/USD edged down on Tuesday since uncertainty surrounding the Federal Reserve’s policy outlook seemed to have offset upbeat macro data coming out of Australia. A softer-than-anticipated US Non-Farm Payrolls report somewhat allayed fears of an early monetary policy tightening by the Fed, which helped the Aussie to recoup earlier losses last week. Next, on the […]
Read moreJune 7, 2021 9:02 am
GBP/USD was a notch weaker at the start of the new week as doubts emerged that the British government would stick to its plan to entirely lift coronavirus-related restrictions on June 21st. Hopes of a rapid re-opening of the UK economy seemed to have waned in recent weeks due to a surge in cases of […]
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