August 11, 2020 11:30 am
GBP/USD was edging up for a second straight trading day on Tuesday, while trading just above the 1.3100 mark, despite that an earlier report by the Office for National Statistics revealed the sharpest drop in UK employment since 2009 during the three months to June. As many as 220 000 jobs were lost during the […]
Read moreAugust 11, 2020 7:20 am
After pulling back from last Friday’s 18-month high, AUD/USD was attempting a rebound from the 0.7135-0.7145 area of support in early European session on Tuesday, but gains may be capped as investor hopes of a deal on US fiscal stimulus seemed to have led to a pause in recent US Dollar depreciation. The greenback was […]
Read moreAugust 10, 2020 11:20 am
Having registered its largest single-day loss since June 24th on Friday, GBP/USD was rather in consolidation mode during the European session on Monday ahead of the key UK unemployment and GDP data prints later this week. The US Dollar regained strength against its major peers on Friday after the latest report by the US Labor […]
Read moreAugust 10, 2020 6:59 am
Following an over 1% retreat on Friday, NZD/USD was mostly flat in early European session on Monday, trading in a tight range around the 0.6600 mark. The US Dollar regained strength against its major peers on Friday after the latest report by the US Labor Department showed a faster-than-expected job growth in July, which, to […]
Read moreAugust 7, 2020 7:02 am
After a three-day streak of gains, NZD/USD took a breather on Friday, as the US Dollar bounced off a more than two-year low against a basket of six major peers after US President Donald Trump moved to prohibit transactions with two China-based corporate entities that own popular mobile applications TikTok and WeChat. Market players are […]
Read moreAugust 6, 2020 11:01 am
GBP/USD extended gains from the prior trading day and hit a fresh five-month high during mid-European session on Thursday, after Bank of England revealed a less pessimistic outlook about UK’s pandemic-ravaged economy. After an unanimous vote, BoE’s Monetary Policy Committee left the key bank rate at a record low level of 0.10% at its meeting […]
Read moreAugust 6, 2020 7:11 am
AUD/USD was gaining ground for a third straight trading day on Thursday, while being not far from Wednesday’s 18-month high, as investor concerns that economic recovery in the US may lag other countries due to rising new COVID-19 infections continued to pressure the greenback. Markets now await the official US job figures from the Labor […]
Read moreAugust 5, 2020 7:02 am
GBP/USD edged up during early European session on Wednesday, while trading just below the 1.3100 mark ahead of UK and US macro data sets later today and Bank of England’s policy decision tomorrow. The US Dollar weakened against a basket of six major peers as the stalemate over US fiscal policy brought forth a speculation […]
Read moreAugust 4, 2020 7:18 am
Having dropped to one-week lows on Monday, AUD/USD was edging higher on Tuesday after the Reserve Bank of Australia (RBA) left policy unchanged. Market players are also looking for clarity over the US coronavirus relief plan as political negotiations continue. “We’re still in a situation where the market wants to believe the recovery is on […]
Read moreAugust 3, 2020 11:34 am
NZD/USD came off Friday’s seven-month high and traded within a relatively tight range on Monday, as the US Dollar rebounded after recording its biggest monthly decline in a decade in July against a basket of six other major currencies. The latest data by the US Commodity Futures Trading Commission showed net short positions in the […]
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