Tag: Aversion risk

EU could approve Pfizer and Moderna vaccines in December – Bloomberg

EU could approve Pfizer and Moderna vaccines in December – Bloomberg

“Pfizer & BioNtech and Moderna Inc. could receive a marketing authorization conditional of the European Union (EU) for its vaccines against Covid-19 in the second half of next month“Bloomberg reported, citing comments from the president of the European Commission, Ursula von der Leyen. Featured quotes: “The European Medicines Agency is in daily contact with the […]

XAU / USD bounces off weekly lows near $ 1,855 amid a drop in Treasury yields

XAU / USD bounces off weekly lows near $ 1,855 amid a drop in Treasury yields

Gold recovers from lows but remains under pressure as the US dollar strengthens on risk aversion. The increase in coronavirus cases and new global lockdowns influence market sentiment. Optimism about vaccines is ignored, as the focus remains on updates on Covid data. The oro (XAU / USD) attempts to bounce from weekly lows near the […]

USD / JPY falls towards 103.80 region at one-week lows

USD / JPY falls towards 103.80 region at one-week lows

USD / JPY continues to lose ground for the fifth day in a row on Wednesday. Concerns about the increase in the number of COVID-19 cases in the US weigh on the USD. A softer risk appetite tone benefits the safe haven JPY and contributes to the pair’s selling bias. The pair USD/JPY moves lower […]

AUD / USD down from weekly highs of 0.7330 as coronavirus concerns benefit the US dollar

AUD / USD down from weekly highs of 0.7330 as coronavirus concerns benefit the US dollar

AUD / USD retreats from weekly highs but defends the 0.7300 level. The DXY index attempts a rebound as sentiment turns sour at the start of the European session. Coronavirus concerns overshadow hopes for vaccines. The focus is on US retail sales data. The backward movement of AUD/USD from the weekly highs of 0.7330 it […]

XAU / USD rises to new daily highs towards the $ 1,880 region

XAU / USD rises to new daily highs towards the $ 1,880 region

Gold gains traction on Thursday and recovers the modest losses of the previous day. Nervousness around COVID-19, the pullback in US bond yields, and a weak USD continue to support the rally. Investors could refrain from opening aggressive positions ahead of Powell’s scheduled speech. The gold is moving higher at the start of the American […]

Biden takes the lead in Georgia with 99% of votes counted

Biden takes the lead in Georgia with 99% of votes counted

With 99% of the estimated votes counted in Georgia, there seems to be a change in the expected result, as the former vice president Joe Biden takes the lead. President Trump has weakened on the battlefield state after his lead has continued to shrink in recent hours. It seems unlikely that he can win back […]

Oxford vaccine trial chief says hard to say if vaccine could be rolled out before Christmas

Oxford vaccine trial chief says hard to say if vaccine could be rolled out before Christmas

Professor Andy Pollard, director of the Oxford Vaccine Group and chief investigator of the Oxford Vaccine Trial, said Wednesday that the first step in determining if the vaccine works could happen this year, as reported by Reuters. Additional comments: “We are approaching the test results“. “No results yet Of the tests”. “It is difficult to […]

AUD / USD struggles below 0.7100 level, focus remains on US election results.

AUD / USD struggles below 0.7100 level, focus remains on US election results.

AUD / USD is witnessing a sharp turn after an initial move to multi-week highs. Tighter-than-expected US election results fuel some aggressive money flows to the USD. A sharp decline in equity markets benefits the safe-haven USD and contributes to the pair’s decline. The pair AUD/USD keeps the sales tone intact during the European session […]

XAU / USD remains vulnerable near $ 1,890 level amid resurgent USD demand

XAU / USD remains vulnerable near $ 1,890 level amid resurgent USD demand

A sharp pickup in demand for the US dollar triggers new sales in gold on Wednesday. The political uncertainty in the United States forces investors to hedge their positions and benefits the USD. The gold It has seen fresh selling at the start of the European session on Wednesday and could now head towards the […]

GBP / USD falls to fresh daily lows around 1.2920 amid widespread USD strength

GBP / USD falls to fresh daily lows around 1.2920 amid widespread USD strength

GBP / USD is back around 220 pips from daily highs amid a strong rally in USD demand. The uncertainty of the US political environment forces investors to take refuge in the safe haven USD. The pair GBP/USD maintains its strong sales tone at the start of the European session on Wednesday and falls to […]