November 5, 2020 9:26 am
AUD/USD edged higher on Thursday, while trading not far from yesterday’s three-week high of 0.7222, as reports stated Democrat Joe Biden had moved a step closer to the White House in a knife-edge presidential election. Still, however, investors were braced for uncertainty over the election outcome, after Republican incumbent President Donald Trump launched a multi-pronged […]
Read moreNovember 4, 2020 9:06 am
NZD/USD, along with other risk-sensitive assets, retreated sharply on Wednesday, as early results from the US presidential election revealed a tight race while market players were prompted to wind back bets on Biden victory. Donald Trump was having a lead in key states such as Florida and Ohio, while investors were expecting to see if […]
Read moreNovember 3, 2020 8:45 am
AUD/USD rebounded from earlier lows, hit right after the Reserve Bank of Australia’s decision to ease policy, but moves were limited due to caution ahead of US Election Day. Market players have remained focused on the US election result later Tuesday, with many investors relying on the safety of the US Dollar so that they […]
Read moreOctober 30, 2020 10:32 am
Following two straight trading days of losses, GBP/USD edged up during mid-European trade on Friday and looked set for a monthly gain. Still, however, moves were limited due to lack of new headlines concerning Brexit trade deal talks. EU-UK negotiations were resumed this week, with fisheries and rules governing state subsidies remaining the two critical […]
Read moreOctober 28, 2020 8:51 am
AUD/USD remained mostly steady in early European session on Wednesday, while being not far from last Friday’s one-week high of 0.7158, after an official report showed Australian consumer price inflation had come in slightly better than expectations. Consumer prices went up 0.7% year-on-year during the third quarter, while matching a consensus of estimates, following a […]
Read moreOctober 27, 2020 8:40 am
NZD/USD rose on Tuesday and was on track to retest last Friday’s one-month high of 0.6705, as upbeat Asian macro data offset concerns over a second wave of the COVID-19 disease across the United States and Europe. Profits in China’s industrial sector surged for a fifth consecutive month in September, while South Korea returned to […]
Read moreOctober 26, 2020 8:40 am
Having touched a one-week high last Friday, AUD/USD eased on Monday, as a combination of factors, including a potentially disputed US presidential election, faint prospects of a coronavirus aid bill prior to the vote and accelerating virus spread across the globe, fueled investor risk aversion, supporting the US Dollar. Markets remained in a risk-off mode, […]
Read moreOctober 23, 2020 10:01 am
GBP/USD was trading slightly higher in mid-European session on Friday and was set to register its best weekly performance since the business week ended October 2nd, as negotiators from Britain and the European Union began intense talks aimed to achieve a last-minute Brexit trade agreement. On Wednesday GBP/USD surged by more than 1.5%, while marking […]
Read moreOctober 22, 2020 7:35 am
NZD/USD was holding gains achieved a day ago on Thursday, as US fiscal stimulus negotiations continued to occupy market focus, while investors were looking for more clarity over progress made on the potential size of the coronavirus relief package. Yesterday investor risk sentiment received a boost, while the US Dollar retreated to lows unseen since […]
Read moreOctober 21, 2020 7:39 am
Having slipped to a three-week low on Tuesday after the release of the RBA Minutes, AUD/USD was attempting a rebound on Wednesday as investor risk sentiment received a boost due to pre-election US coronavirus aid deal optimism. Reports emerged stating that the White House and Democrats have taken a step closer to an agreement on […]
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