September 4, 2020 7:03 am
NZD/USD continued pulling back from recent 13 1/2-month highs on Friday, after Reserve Bank of New Zealand warned of a “severe and long-lasting” economic impact from the coronavirus pandemic, while markets are now expecting the key US Non-Farm Payrolls report later in the day for clues over strength of US economic recovery. RBNZ Governor Adrian […]
Read moreSeptember 3, 2020 7:09 am
AUD/USD extended losses from the prior trading day and registered a one-week low on Thursday, as downbeat Australian services activity and trade data added to pressure, while the US Dollar continued its rebound against major peers. The latest report by Markit/Commonwealth Bank showed activity in Australia’s sector of services had contracted in August following two […]
Read moreSeptember 2, 2020 7:01 am
NZD/USD extended gains from the prior trading day and touched a fresh 13 1/2-month high on Wednesday, after Reserve Bank of New Zealand Governor Adrian Orr said the central bank’s actions had been effective in broadly reducing interest rates. “We have been effective in lowering interest rates across the board, and ensuring there is plentiful […]
Read moreSeptember 1, 2020 7:18 am
AUD/USD advanced for a sixth consecutive trading day and touched a fresh two-year high in early Asian session on Tuesday, as market players increased bets that the Federal Reserve’s policy framework shift would keep US interest rates at lower levels compared to rates in other countries. The Fed’s shift last week to target average inflation […]
Read moreAugust 31, 2020 11:20 am
GBP/USD surged to highs not seen in eight and a half months during early Asian trade on Monday, as the US Dollar was on track for its fourth consecutive month of decline against peers following the Federal Reserve Bank’s policy framework shift introduced last week. In a speech at the Jackson Hole virtual symposium last […]
Read moreAugust 28, 2020 7:08 am
NZD/USD kept trading in proximity to Thursday’s three-week high in early European session on Friday, after Fed Chair Jerome Powell announced a new approach aimed at job creation and based on average inflation targeting. In his speech at the Jackson Hole virtual symposium yesterday the Federal Reserve Chairman said the central bank would aim to […]
Read moreAugust 27, 2020 7:07 am
AUD/USD held steady in proximity to 2020 high of 0.7276 in early European session on Thursday as Australian business investment reportedly shrank at a lesser-than-anticipated rate in the second quarter, while market players were turning their attention to Fed Chairman Jerome Powell’s speech during the annual central bankers’ virtual conference for hints over a possible […]
Read moreAugust 26, 2020 7:21 am
NZD/USD remained in consolidation mode during early European session on Wednesday, after the kiwi benefited from US-China trade deal commitment while the US Dollar took a hit on the back of weaker-than-expected consumer confidence data in the prior trading day. Markets were now expecting the latest report on US durable goods orders later on Wednesday […]
Read moreAugust 25, 2020 7:08 am
AUD/USD resumed its bullish move on Tuesday, supported by news of a successful phone call between top trade negotiators from the United States and China despite frictions between the two economic superpowers on other fronts. The US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin spoke with China’s Vice Premier Liu He, with talks […]
Read moreAugust 24, 2020 7:03 am
NZD/USD traded within a narrow range during early European session on Monday amid lack of relevant macro data, while market players now focus on the Federal Reserve’s annual symposium later in the week for guidance on monetary policy outlook. The 44th annual Economic Policy Symposium, scheduled on August 27th-August 28th, will be a virtual event […]
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