September 21, 2020 10:17 am
GBP/USD extended last Friday’s losses on Monday, while touching a one-week low, as a spike in new confirmed coronavirus cases in Britain urged authorities to consider another round of lockdown restrictions. New infections in the country have risen at a daily rate of at least 6,000, while hospital admissions have doubled every eight days. “Increasingly […]
Read moreSeptember 18, 2020 7:06 am
NZD/USD extended gains from the previous five trading days and hit a fresh 17 1/2-month high on Friday as a less steep than expected contraction in New Zealand’s Gross Domestic Product in Q2 added to expectations that the Reserve Bank of New Zealand might adopt a wait-and-see approach at its upcoming policy meeting on September […]
Read moreSeptember 17, 2020 7:14 am
AUD/USD fell from a two-week high on Thursday, while snapping a four-day streak of gains, after Federal Reserve Chair Jerome Powell’s remarks on economic outlook bolstered US bond yields and unleashed a wave of US Dollar buying. The Fed kept the target range for the federal funds rate intact at 0%-0.25% at its policy meeting […]
Read moreSeptember 16, 2020 7:02 am
NZD/USD extended gains from the previous trading day and remained close to two-week highs during early European session on Wednesday, as market players awaited the outcome from the Federal Reserve’s first policy meeting since it adopted a more accommodative approach to inflation, while New Zealand registered the largest current account surplus on record. Last month […]
Read moreSeptember 15, 2020 7:04 am
AUD/USD extended gains from the prior trading day and touched highs not seen in almost two weeks on Tuesday, after the Minutes from Reserve Bank of Australia’s policy meeting in September provided no indication of further cuts in record low interest rates. RBA policy makers reaffirmed that the yield target for Australia’s 3-year government bonds […]
Read moreSeptember 14, 2020 7:05 am
After recording the biggest weekly loss since early August last week, NZD/USD started the new week on a stronger footing, as it tracked gains across stock exchanges in Asia. Japan’s Nikkei 225 added 0.68% at the close, Hang Seng was gaining 0.65%, Australia’s ASX – 0.52%, while Shanghai Composite was up 0.05%. The US Dollar […]
Read moreSeptember 11, 2020 6:53 am
AUD/USD edged higher on Friday, but looked set for a flat weekly performance, as investor risk sentiment took a hit, sending equities lower and supporting the US Dollar. Volatility returned to equity markets and some notable wobbles were observed in tech stocks, as market players reassessed their high valuations amid an environment marked by sluggish […]
Read moreSeptember 10, 2020 11:39 am
Following a whipsaw move on Wednesday, GBP/USD remained relatively stable near the 1.3000 mark during late European session on Thursday, as market players were assessing if a newly proposed bill by Britain to undercut the Brexit divorce treaty would prompt the EU to suspend negotiations. On Wednesday the major pair slid to 1.2885, its weakest […]
Read moreSeptember 9, 2020 7:11 am
NZD/USD extended a pullback from 2020 high of 0.6789 and touched lows not seen in two weeks on Wednesday as the Reserve Bank of New Zealand is “actively preparing a package of additional monetary policy tools to support the economy if required.” The most recent statement by RBNZ Governor Adrian Orr hinted that the central […]
Read moreSeptember 8, 2020 7:30 am
AUD/USD regained ground on Tuesday and tested the 0.7300 mark in early European session, as risk appetite seemed to have returned to Asian stock markets, while the US Dollar held steady against a basket of major peers ahead of the highly anticipated European Central Bank’s policy decision, scheduled on Thursday. The central bank is expected […]
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