July 2, 2020 7:00 am
GBP/USD extended gains from the prior two trading days on Thursday and touched a fresh one-week high on the back of weaker US Dollar and macro data-driven optimism. However, market players abstained from more aggressive risk taking amid surging new coronavirus infections and ahead of the key US Non-Farm Payrolls report. Yesterday the Institute for […]
Read moreJuly 1, 2020 11:56 am
Having advanced to a fresh one-week high in early European trade on Wednesday, AUD/USD erased those gains later in the day, returning to levels observed overnight, as markets awaited key US jobs, manufacturing data prints as well as the Minutes from Federal Reserve’s most recent policy meeting. The Aussie drew support earlier Wednesday by an […]
Read moreJuly 1, 2020 7:18 am
GBP/USD held on to gains in early European trade on Wednesday ahead of a fresh string of macro data and central bank officials’ statements, scheduled later in the day. On Tuesday the Sterling bounced from near a one-month low and briefly tested the area near the 1.2400 mark in late US trade, but analysts attributed […]
Read moreJune 30, 2020 11:39 am
NZD/USD retreated for a third straight trading day on Tuesday, as market sentiment was caught between two currents – optimism driven by better-than-expected US housing and Chinese manufacturing data and concerns that the rapid spread of the coronavirus across the globe could endanger V-shaped economic recovery. “Markets are jumpy. Tension remains between economic and virus […]
Read moreJune 30, 2020 6:43 am
GBP/USD retreated for a fifth straight trading day on Tuesday and was set to retest Monday’s one-month low of 1.2252, after a report by the UK Office for National Statistics showed economy had contracted at the steepest quarterly pace since the third quarter of 1979 in Q1, as non-essential businesses shut down and consumers remained […]
Read moreJune 29, 2020 11:47 am
AUD/USD traded within a relatively narrow daily range on Monday, as a surge in new COVID-19 cases across the globe and restrictions being reimposed in some areas pressured demand for risk-sensitive currencies. The total number of confirmed coronavirus cases globally exceeded 10 million, while the death toll surpassed 500,000 on Sunday. The United States reported […]
Read moreJune 29, 2020 6:57 am
GBP/USD rebounded from Friday’s one-month lows during early European trade on Monday, as a new round of negotiations on trade between the EU and the UK is expected to begin this week. Despite that the UK economy is gradually reopening after lockdown restrictions, many analysts still view Brexit as the factor to have the most […]
Read moreJune 26, 2020 11:48 am
NZD/USD extended gains from the previous trading day on Friday and was set to snap a two-week losing streak, after a business survey showed an improvement in New Zealand households’ confidence in June. ANZ-Roy Morgan NZ Consumer Confidence Index rose to a level of 104.5 in June from 97.3 in May, as consumers’ perceptions of […]
Read moreJune 26, 2020 7:19 am
GBP/USD kept trading at a short distance away from Thursday’s lows on Friday, as the US Dollar seemed to have retained its safe haven appeal amid a sharp rise in US COVID-19 cases that put the reopening of the economy in question. New daily cases across the United States rose at a record pace on […]
Read moreJune 25, 2020 11:53 am
After its largest single-day drop since June 11th on Wednesday, AUD/USD extended losses in late European trade on Thursday, as risk aversion persisted. Mounting concerns over the coronavirus resurgence in multiple parts of the globe have delivered a sizable blow to market sentiment, as the V-shaped economic recovery expected by many seemed to be in […]
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