With the vote count underway and the US elections still tight, Associated Press (AP) reports Joe Biden’s win in Arizona. AP is now doing the same thing as Fox News in declaring Biden the victor in Arizona. Results from Georgia, Wisconsin, Michigan and Pennsylvania will be the deciding factor, while President Donald Trump has delivered […]
Tag: Aversion risk
EUR / USD stops recovery bounce around 1.1650 level
In a fast-paced fight for the 2020 U.S. presidential race, EUR / USD is struggling to extend the bounce from the four-month lows of 1.1605 previously achieved in the Asian session. At the time of writing, the pair is trading at 1.1657, still losing 0.38% on the day. The US dollar is back slightly from […]
USD / CAD looking for a firm direction, sideways above 1.3100
USD / CAD quickly reversed an initial decline in the American session to the 1.3280 region. Weaker crude oil prices undercut the loonie and attracted some buying. Political uncertainty in the United States weighed on the USD and could limit the rise. The pair USD / CAD it updated daily lows, around the 1.3280 region […]
Gold rises to two-day highs, retreating approaching $ 1,900
Gold witnessed a short hedging move on Friday amid renewed USD sell bias. Weaker risk sentiment, falling US bond yields continued to support the bullish move. The bulls may still wait for some solid follow-up purchases before placing new bets. The gold added to its intraday gains and jumped to two-day highs around the $ […]
GBP / USD declines from highs, remains well offered above 1.2950
GBP / USD made a nice intraday bounce from levels below 1.2900 amid a weaker USD. The prevailing risk aversion and nervousness over the coronavirus helped limit the dollar’s slide. Brexit uncertainties and UK lockout fears should limit the rise in the main. The pair GBP/USD It built on its good intraday positive move and […]
Gold Clings to Modest Gains Above $ 1,870 Level, Still Vulnerable
Gold gains some positive traction on Friday and moves away from month-long lows. A dovish USD price action and weaker risk appetite support the move higher. The technical setup supports the prospects for a further decline and warrants caution for the bulls. Prices of the Gold is moving with a slight positive bias during the […]
GBP / USD recovers towards the 1.2950 region
A dovish USD price action offers some support for GBP / USD on Friday. The prevailing sentiment of risk aversion could help limit the retracement of the safe-haven USD. Fears of new restrictions due to COVID-19 in the UK should limit strong gains. The pair GBP/USD It has quickly recovered around 60 pips from just […]
USD / JPY bounces near 104.10, still not out of the woods
USD / JPY attempts a bounce from near the 104.10 level. The bears are still looking for a test of the September lows at 104.00. The pair remains at the mercy of risk trends and USD dynamics. The pair USD/JPY moves lower during the European session on Friday, trading around the 104.40 region after managing […]
USD / CAD reaches new session highs, around 1.3350, after the drop in oil prices.
A further drop in oil prices weakened USD / CAD and helped the pair regain traction. Political uncertainty in the US prevented the dollar bulls from making new bets and could limit gains. Investors are now looking at the Canadian GDP report and US macroeconomic data for some significant opportunities. The pair USD / CAD […]
GBP / USD quickly recovers from 1-week lows, still bearish below 1.3000
GBP / USD found some support before 1.2900 and witnessed a short hedging move. A broad-based USD strength and Brexit uncertainties kept the pair’s recovery attempt limited. The pair GBP/USD It rallied around 100 pips from daily lows, although it appears to be struggling to find acceptance above the 1.3000 key psychological level. The pair […]
