February 8, 2021 10:04 am
GBP/USD eased from recent more than 2 1/2-year highs, but remained supported just above the 1.3700 mark on Monday, with some analysts being rather bullish on its outlook. Earlier in February the Sterling climbed to highs unseen since May 2018 against the US Dollar, supported by improved risk sentiment, optimism over UK’s coronavirus vaccine roll-out […]
Read moreFebruary 2, 2021 10:15 am
AUD/USD eased on Tuesday, but remained supported just above the 0.7600 mark, after the Reserve Bank of Australia surprised markets by extending its bond-purchasing program and also stressed on its commitment to keep interest rates on hold until at least 2024. The RBA left its benchmark cash rate intact at a record low level of […]
Read moreFebruary 1, 2021 10:07 am
GBP/USD edged higher on Monday, while trading not far from last Wednesday’s 2 1/2-year high of 1.3759, as risk sentiment improved on hopes that retail investors who recently launched an assault on hedge fund positions had shifted their focus to other assets such as Silver. Global risk sentiment improved with a rally in Asian shares […]
Read moreJanuary 26, 2021 10:25 am
AUD/USD slipped to a one-week low on Tuesday, as doubts regarding the speed and size of US stimulus package prompted market players to avoid risk ahead of the Federal Reserve’s two-day policy meeting. The US Dollar Index advanced overnight to 90.65, or its highest level since January 20th, and was last up 0.06% on the […]
Read moreJanuary 25, 2021 10:27 am
Having eased from a more than 2 1/2-year high from last week, GBP/USD remained mostly stable on Monday, as market players were weighing hopes of a $1.9 trillion fiscal stimulus plan in the United States as well as coronavirus vaccine rollout push in Britain. Reports emerged over the weekend that 5.9 million people in Britain […]
Read moreJanuary 19, 2021 10:58 am
Having touched a two-week low on Monday, AUD/USD firmed on Tuesday, as investor risk sentiment improved on renewed optimism that China will continue to drive growth in the Asia Pacific area. The latest macro data showed that Chinese economic growth had accelerated during the fourth quarter, while the nation’s economy had been among the few […]
Read moreJanuary 18, 2021 10:12 am
GBP/USD fell to a one-week low on Monday, as the greenback held on to recent gains. Still, prospects for the Sterling remain rather positive, analysts noted, while the latest CFTC futures data revealed the largest net long position on GBP since last March. With a no-deal Brexit scenario now avoided thanks to a last-minute EU-UK […]
Read moreJanuary 12, 2021 10:00 am
Following a steep drop a day earlier, AUD/USD traded higher on Tuesday, as the greenback paused a four-day advance, triggered by rising US bond yields. Expected to take office on January 20th, President-elect Joe Biden has promised “trillions” in additional coronavirus relief spending, which pressured government bonds and drove bond yields higher. The yield on […]
Read moreJanuary 11, 2021 10:28 am
GBP/USD extended the loss from last week and touched a fresh two-week low on Monday, as the US Dollar gained across the board with rising US bond yields and due to prospects of more fiscal stimulus. The yield on 10-year US government bonds has risen by over 20 basis points to 1.1187% so far in […]
Read moreJanuary 5, 2021 10:23 am
AUD/USD rebounded on Tuesday after the People’s Bank of China (PBOC) lifted the official yuan exchange rate by the biggest margin since 2005, while prompting broad US Dollar selloff. The official yuan midpoint was set at 6.4760 per dollar, or 1% firmer compared to the previous fixing. “If the Chinese currency is going up, it’s […]
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