July 23, 2020 10:57 am
GBP/USD maintained ground above the 1.2700 mark on Thursday, but traded within a relatively tight range as market players were expecting fresh news over any developments regarding EU-UK Brexit trade negotiations. Earlier this week reports emerged stating that the United Kingdom had abandoned hopes to sign a post-Brexit trade deal with the European Union, while […]
Read moreJuly 23, 2020 7:11 am
AUD/USD rallied for a fifth straight trading day on Thursday and remained not far from yesterday’s 15-month high, but market players are now likely to stick to caution amid escalating tensions between China and the United States. China has until Friday to close its consulate in Houston on accusations of espionage, while US President Trump […]
Read moreJuly 22, 2020 11:30 am
Having touched a six-week high on Tuesday, GBP/USD distanced from that area on Wednesday, sliding below the 1.2700 mark, as reports in the media emerged hinting at a possible no-deal Brexit scenario. British Transport Secretary Grant Shapps said earlier Wednesday that the government wanted a free trade deal with the European Union, but still, the […]
Read moreJuly 22, 2020 7:20 am
NZD/USD gained for a fourth straight trading day on Wednesday, touching highs not seen since early January, as a surge in investor risk appetite helped the pair overcome a major level of resistance (0.6600). The announcement of a “historic” EU deal on a EUR 750 billion stimulus plan continued to support risk-on mood. “The deal […]
Read moreJuly 21, 2020 11:37 am
GBP/USD extended gains from the prior two trading days and touched highs not seen in nearly six weeks during early European trade on Tuesday, as the announcement of a “historic” EU deal on recovery fund and positive news regarding COVID-19 vaccine trials bolstered risk-sensitive currencies such as the Pound. European Union leaders finally reached an […]
Read moreJuly 21, 2020 7:02 am
AUD/USD gained for a third straight trading day and touched a fresh six-week high on Tuesday as a fiscal stimulus announcement in Europe buoyed global risk sentiment, supporting currencies such as the Aussie and the kiwi. European Union leaders finally reached an agreement on a EUR 750 billion stimulus plan for their coronavirus-ravaged economies after […]
Read moreJuly 20, 2020 7:10 am
NZD/USD has faced strong resistance in the area just below the 0.6600 mark since early July, with the daily chart visualizing the formation of a possible Double Top, marked by the high from June 10th (0.6585) and the high from July 9th (0.6601). The daily chart also showcases a bearish divergence between NZD/USD exchange rate […]
Read moreJuly 17, 2020 11:32 am
GBP/USD remained mostly stable in late European trade on Friday, but was set to register its sharpest weekly loss in one month, as uncertain macroeconomic outlook, arduous Brexit negotiations as well as Britain’s highest COVID-19 death toll in Europe have all mounted pressure on the Pound. As the UK economy rebounded at a considerably slower […]
Read moreJuly 17, 2020 7:07 am
Having failed to hold above psychological 0.7000 level on several occasions since the start of July, AUD/USD traded within a narrow range just below that mark on Friday, but was still set to register its fourth straight week of gains. The US Dollar held gains against the majority of its peers overnight, after the United […]
Read moreJuly 16, 2020 11:28 am
GBP/USD retreated on Thursday despite an unexpected drop in UK jobless claims in June, as mixed macro data from China failed to support investor risk sentiment, while boosting the greenback. Earlier Thursday China reported a faster-than-expected GDP growth during the second quarter, 3.2% year-on-year. However, retail sales unexpectedly shrank at an annualized rate of 1.8% […]
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