January 4, 2021 10:22 am
GBP/USD extended gains from last week and touched highs not seen since May 2018 on Monday, mostly due to dollar weakness as global risk sentiment remained buoyant. The US Dollar Index registered its first annual drop since 2017 in 2020 and was last down 0.56% on the day to 89.43. The Pound has also gained […]
Read moreDecember 30, 2020 10:30 am
AUD/USD extended gains from the previous trading day on Wednesday, while reaching highs not seen since June 2018, as the US Dollar continued to retreat and riskier assets were bolstered by vaccine-driven global growth prospects and US fiscal stimulus optimism. “The start of COVID-19 immunization campaigns in several countries as well as additional U.S. fiscal […]
Read moreDecember 29, 2020 10:27 am
GBP/USD, along with other risk-sensitive assets, rose on Tuesday in the wake of EU-UK post-Brexit trade agreement and supported by optimism regarding US COVID-19 relief package. Last Thursday Britain secured a narrow trade deal with the European Union, just several days before it parts ways with one of the largest trading blocs worldwide. Investor risk […]
Read moreDecember 22, 2020 10:18 am
AUD/USD continued to retreat on Tuesday, disregarding an upbeat domestic retail sales report, as a new, more infectious strain of COVID-19 kept pressuring demand for risk-sensitive assets because of global recovery-related concerns. Yesterday the Aussie fell to a 1 1/2-week low of 0.7462 against its US counterpart, before recouping a portion of that loss later […]
Read moreDecember 21, 2020 10:15 am
GBP/USD plummeted over 2% in early European trade on Monday, while extending losses from last Friday, after the UK government tightened restrictive measures in London and nearby areas in an attempt to curb the spread of a more infectious strain of the coronavirus. This led countries such as France, Germany, Belgium, Italy, the Netherlands, Canada […]
Read moreDecember 16, 2020 11:00 am
AUD/USD rose to a fresh 131-week high on Wednesday, as prospects of a vaccine-led global economic recovery kept risk-sensitive assets supported. Yesterday the Australian dollar took a hit after China confirmed a ban on Australia’s thermal coal exports amid continuing trade frictions between the two countries. According to Daniel Hynes, a senior commodity strategist at […]
Read moreDecember 15, 2020 10:27 am
Following a 0.7% rebound on Monday, GBP/USD remained mostly steady in mid-European session on Tuesday as investor optimism over the possibility of a post-Brexit trade deal re-emerged. Yesterday the currency pair surged to 1.3445, rebounding from last Friday’s one-month low of 1.3134, after reports stated EU and UK negotiators had agreed on Sunday to “go […]
Read moreDecember 9, 2020 10:25 am
AUD/USD surged sharply in early European session on Wednesday, while hitting a fresh 29-month high, as hopes over US stimulus as well as COVID-19 vaccine approval fueled investor risk sentiment. The Trump administration proposed on Tuesday a $916 billion coronavirus aid package, after a slimmer proposal had already been rejected by congressional Democrats. Meanwhile, the […]
Read moreDecember 7, 2020 10:43 am
GBP/USD retreated more than 1.2% on Monday, while touching lows unseen since November 19th, as market players became more concerned about the possibility of Britain and the European Union not managing to secure a post-Brexit trade deal as last-minute negotiations resumed. A senior EU diplomat said that European Union’s chief negotiator Michel Barnier was “rather […]
Read moreDecember 2, 2020 10:34 am
AUD/USD extended gains from the prior trading day on Wednesday and traded not far from Monday’s three-month high of 0.7408, as upbeat Australian GDP data as well as hopes of additional US economic stimulus and more positive headlines regarding coronavirus vaccines supported investor risk sentiment. A report by the Australian Bureau of Statistics showed earlier […]
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