November 30, 2020 11:06 am
Having climbed to highs not seen since early September last week, GBP/USD maintained ground above the 1.3300 mark in mid-European session on Monday, as market optimism that a post-Brexit trade deal between the UK and the EU may be secured continued to persist. According to Britain’s Environment Secretary George Eustice, this week is “crucial” for […]
Read moreNovember 26, 2020 10:30 am
NZD/USD was holding gains achieved in the prior two trading days on Thursday, after earlier touching highs not seen since mid-June 2018, as investor risk sentiment remained underpinned by coronavirus vaccine optimism and hopes of a global recovery. “A China-led recovery in the global economy and commodities should benefit commodity currencies,” Masafumi Yamamoto, chief currency […]
Read moreNovember 24, 2020 11:01 am
AUD/USD, along with other risk-sensitive assets, surged almost 1% on Tuesday and hit highs not seen since early September, after US President Donald Trump agreed to begin a transition to a government led by President-elect Joe Biden. It also became clear that former Federal Reserve Chair Janet Yellen would probably be nominated to become Treasury […]
Read moreNovember 23, 2020 10:40 am
GBP/USD hit a fresh 12-week high in early European session on Monday, after more positive news over COVID-19 vaccine progress bolstered demand for risk-sensitive currencies. AstraZeneca said on Monday that its vaccine could be about 90% effective against the coronavirus with no serious side effects. Additionally supporting sentiment, a top US health official said over […]
Read moreNovember 18, 2020 9:17 am
NZD/USD rose on Wednesday and hit a fresh 86-week high, despite that concerns over surging new COVID-19 infections tempered market optimism over vaccine progress. “Further positive vaccine-development news is still expected over the next few days or weeks, and it does lower the downside risk to global growth,” Citi strategist Johanna Chua said. “But near-term […]
Read moreNovember 17, 2020 9:14 am
AUD/USD, along with other risk assets, received a boost overnight after media reports stated that Moderna’s COVID-19 vaccine had had a 94.5% efficacy rate, according to preliminary results from a large late-stage clinical trial. The major pair was holding above the 0.7300 mark on Tuesday, after earlier touching a one-week high of 0.7334. “The Moderna […]
Read moreNovember 16, 2020 10:48 am
Having touched highs not seen since last Wednesday earlier on Monday, GBP/USD traded slightly lower in mid-European session, as Brexit negotiations resumed. Market mood remained optimistic due to hopes over a working COVID-19 vaccine and signs that the United Kingdom and the European Union might make progress in reaching a post-Brexit trade agreement. Investor optimism […]
Read moreNovember 11, 2020 9:04 am
NZD/USD rose more than 1% on Wednesday to highs not seen since late March 2019, as market players trimmed bets that the Reserve Bank of New Zealand would introduce negative interest rates. Additionally, the US Dollar paused its rally against peers as initial optimism in regard to COVID-19 vaccine progress was offset by uncertainty about […]
Read moreNovember 10, 2020 10:33 am
AUD/USD remained mostly steady in mid-European session on Tuesday, as markets mulled recent news over progress in a COVID-19 vaccine development. Yesterday the pair surged to highs unseen in almost eight weeks, after reports emerged that Pfizer Inc’s experimental vaccine had proven to be more than 90% effective against the COVID-19 disease, based on initial […]
Read moreNovember 9, 2020 10:31 am
GBP/USD climbed to a fresh two-month high in Asia on Monday, as market players cheered Joe Biden’s election victory, supporting risk-sensitive currencies and pushing the US Dollar Index (DXY) down to a 10-week low due to expectations of diminishing trade frictions between the US and China and accommodative monetary policy in support of economy. The […]
Read more