June 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 […]
Read moreJune 1, 2021 8:46 am
AUD/USD rose on Tuesday despite that the Reserve Bank of Australia kept policy settings without change and reiterated that monetary conditions would remain accommodative until at least 2024. The pair benefited mostly from US Dollar’s weakness, as the greenback was hovering just above 4 1/2-month lows against a basket of six major peers. An additional […]
Read moreMay 31, 2021 8:54 am
GBP/USD traded within a narrow range amid calm trade on Monday due to the Spring Bank Holiday in the United Kingdom and the Memorial Day federal holiday in the United States. The pair looked set to register its fastest monthly rate of increase since November 2020. Last Friday the US Dollar briefly touched a two-week […]
Read moreMay 25, 2021 8:35 am
AUD/USD edged higher on Tuesday, mostly due to a weaker US Dollar, as Federal Reserve officials allayed concerns that inflationary pressure would force the central bank to tighten policy. “I think there will come a time when we can talk more about changing the parameters of monetary policy, I don’t think we should do it […]
Read moreMay 18, 2021 9:05 am
AUD/USD rose over 0.5% on Tuesday due to a weaker US Dollar and after the RBA Minutes, released earlier in the day, pointed to rapid economic recovery. Investors were also looking for more clues over inflation and possible tightening of monetary policies. Market players’ focus has been set on any new pieces of data that […]
Read moreMay 17, 2021 9:23 am
GBP/USD was a notch stronger at the start of the new week, while trading not far from last week’s 2 1/2-month high of 1.4167, as the British government took another step towards economic re-opening by further easing COVID-19-related restrictive measures. Cafes, bars and restaurants will be allowed to service customers indoors, while an international travel […]
Read moreMay 11, 2021 8:22 am
AUD/USD held in proximity to recent 11-week highs on Tuesday, while drawing support from an extended bullish move in global commodity prices. Prices of iron ore, Australia’s key export resource, rose 10% to an all-time high of over $200 per tonne, while the steel-making material brought in AUD 150 billion during the year to March. […]
Read moreMay 10, 2021 9:23 am
GBP/USD extended Friday gains and hit a fresh 11-week high on Monday, with market players’ focus being on the UK economic recovery rather than the possibility of another referendum on independence in Scotland. Pro-independence parties won a majority in Scottish parliament over the weekend, which paved the way for a political, legal and constitutional battle […]
Read moreMay 4, 2021 8:42 am
AUD/USD retreated on Tuesday, while staying within a relatively narrow range, after the Reserve Bank of Australia kept policy settings without change and reiterated that monetary conditions would remain accommodative until at least 2024. Still, the central bank raised its forecasts for Australia’s economy. The official cash rate was kept intact at a record low […]
Read moreMay 3, 2021 9:14 am
GBP/USD bounced from a two-week low at the start of a week heavy on major macroeconomic data and central bank meetings. Trade volumes were lighter due to holidays in Japan, China and the UK, while market volatility – subdued. The Bank of England is scheduled to hold a policy meeting on Thursday, with asset purchases […]
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