July 9, 2020 7:03 am
AUD/USD held recent gains in early European trade on Thursday, with the pair changing hands just below the psychological 0.7000 mark, as it tracked a strong performance of US Equities, particularly within the technological sector. The US Dollar lost some of its haven appeal and retreated to two-week lows on Wednesday, while the Nasdaq Composite […]
Read moreJuly 8, 2020 11:20 am
GBP/USD eased from yesterday’s three-week highs, but remained supported above the 1.2500 mark on Wednesday, as EU and British negotiators resumed Brexit talks and ahead of a new budget speech by UK’s Chancellor of the Exchequer Rishi Sunak, scheduled at 11:30 GMT. Sunak is expected to announce a GBP 2 billion fund aimed to ensure […]
Read moreJuly 8, 2020 6:58 am
NZD/USD extended losses from the previous trading day on Wednesday, as COVID-19 resurgence in the United States and renewed lockdowns in some countries heightened the safe haven appeal of the US Dollar. Yesterday the number of confirmed cases of the illness in the United States were reported to have surpassed 3 million, which pushed US […]
Read moreJuly 7, 2020 11:42 am
GBP/USD attempted to register a meaningful break above the psychological 1.2500 level for a fourth consecutive trading day on Tuesday, after slipping below it on several occasions in the past sessions, as market players awaited further details regarding UK government’s spending plans tomorrow when Chancellor of the Exchequer Rishi Sunak delivers a speech. A report […]
Read moreJuly 7, 2020 7:17 am
AUD/USD eased from highs not seen in over three weeks on Tuesday, after Victorian Premier Daniel Andrews announced a lockdown of metropolitan Melbourne to curb surging new coronavirus infections in the state, while the Reserve Bank of Australia kept its cash rate intact at a record low level of 0.25% at its policy meeting earlier […]
Read moreJuly 6, 2020 11:50 am
NZD/USD eased from a fresh one-month high of 0.6566 during late European trade on Monday, as some market players preferred to take profits rather than risk unnecessarily amid mounting concerns that a surge in new coronavirus infections could lead to renewed lockdown restrictions and hamper economic recovery. The kiwi dollar remained supported over the past […]
Read moreJuly 6, 2020 7:02 am
Having registered its first week of gains in four last week, GBP/USD traded modestly higher, close to the 1.2500 mark, in early European session on Monday, as markets awaited fresh catalysts that could trigger a move in either direction. Uncertainty surrounding Brexit continued to persist. Last week’s Brexit negotiations ended prematurely, as a meeting between […]
Read moreJuly 3, 2020 11:51 am
AUD/USD advanced for a fifth straight trading day in subdued trade on Friday and was set to register its second week of gains in a row, as largely positive macro data from China and the United States outweighed concerns over COVID-19 resurgence across the US and elsewhere. All segments of the US economy, excluding the […]
Read moreJuly 3, 2020 7:39 am
GBP/USD came off Thursday’s one-week high and remained stuck in a narrow daily range below the 1.2500 mark on Friday, as COVID-19 resurgence in the United States and diplomatic tensions between Beijing and Washington over civil liberties in Hong Kong prompted caution among market players. Meanwhile, a Friday meeting between British and EU chief Brexit […]
Read moreJuly 2, 2020 11:40 am
NZD/USD extended gains from the prior two trading days and hit highs unseen in a bit over a week on Thursday, as the kiwi dollar appreciated on heightened investor risk appetite following promising macro data, while hopes for a coronavirus vaccine also supported sentiment. Yesterday the Institute for Supply Management said US manufacturing activity had […]
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