June 25, 2020 7:03 am
GBP/USD extended losses from the prior trading day on Thursday, as rising new coronavirus cases in the United States and new frictions on trade dampened optimism over swift economic recovery, urging a move away from riskier assets. Daily new COVID-19 infections in the US reached almost 36,000, the latest data showed, nearing a record set […]
Read moreJune 24, 2020 11:47 am
NZD/USD retreated more than 0.90% on Wednesday, while being set to snap a two-day streak of gains, after Reserve Bank of New Zealand stated the balance of economic risks was still to the downside, regardless of relaxed social restrictions and an earlier resumption of local economic activity. RBNZ also said it was ready to provide […]
Read moreJune 24, 2020 7:00 am
EUR/GBP touched a fresh three-month high of 0.9079 on Tuesday on the back of upbeat macro data from the Euro Area, which, along with better-than-expected data in the United Kingdom and in the United States, added to optimism over global economic recovery. The single currency remained well supported above the 0.9010 mark for a fourth […]
Read moreJune 23, 2020 11:44 am
AUD/USD erased earlier losses and surged to a fresh one-week high during European trade on Tuesday, as investor risk appetite resumed, while recent macro data added to hopes of a swift recovery from the pandemic-induced recession. Market risk sentiment took a hit in early Asian trade on Tuesday, mounting pressure on equities, commodity currencies and […]
Read moreJune 23, 2020 6:44 am
Investor risk sentiment took a hit early on Tuesday, sending GBP/USD lower after yesterday’s rally, as reports emerged stating the trade deal between the United States and China is “over.” The news raised concerns that the already strained ties between the two major economic powers could now deteriorate and undermine flow of capital and supply […]
Read moreJune 22, 2020 12:01 pm
Having touched a three-week low in early Asian trade on Monday, GBP/USD regained certain ground later in the day and was set to snap a four-day streak of losses, as the US Dollar weakened while the chances for an EU-UK trade deal are now seen as improving. A COT report showed that investors’ short exposure […]
Read moreJune 22, 2020 7:10 am
Having advanced to a 12-week high of 0.9073 on Friday, EUR/GBP traded slightly lower during early European session on Monday. The minor pair remained affected by both divisions among EU leaders over the structure of a planned coronavirus recovery fund and prospects of a no-deal Brexit since EU-UK trade negotiations have shown little progress. At […]
Read moreJune 19, 2020 11:31 am
NZD/USD retreated for a second straight trading day on Friday and was poised to register its second successive week of losses as well, since rising geopolitical tensions and concerns over a second wave of the COVID-19 illness heightened the safe haven appeal of the US Dollar. Reports of a surge in new COVID-19 infections in […]
Read moreJune 19, 2020 7:15 am
GBP/USD plummeted to lows unseen since June 1st on Thursday, following Bank of England’s decision to bolster its bond-purchasing programme by £100 billion, in line with market expectations. The major pair managed to recoup a small part of that loss during Friday’s Asian session, but it was still set to register a second straight week […]
Read moreJune 18, 2020 11:50 am
Having retreated to an intraday low after bleak Australian jobs data earlier on Thursday, AUD/USD managed to recoup part of those losses during European trade. However, the upside move encountered resistance in the area near the 0.6900 mark, as fears over coronavirus resurgence weighed on market sentiment. The US Dollar has regained its safe haven […]
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