GBP / USD falls into negative territory for the fourth day in a row. Brexit-related uncertainties weigh on the GBP and put some pressure on the pair. The appearance of some new purchases around the USD further contributes to the intraday decline. The pair GBP/USD has fallen to the lower end of its daily range […]
Tag: Coronavirus
EUR / GBP returns part of the initial gains and falls back to the 0.9070 region
EUR / GBP regains some positive traction on Tuesday, although it lacks a strong following. Brexit-related uncertainties weigh on the GBP and support the pair’s bullish move. The configuration warrants caution before positioning itself directionally amid the absence of economic releases. The crossing EUR/GBP has moved higher at the start of the European session on […]
AUD / USD retraces from daily highs, still positive around 0.7130-25
AUD / USD finds decent support near the 0.7100 level and makes a nice bounce on Tuesday. A rally in US equity futures weighs on the safe-haven USD and supports the pair’s upward move. The RBA’s pessimistic expectations and nervousness over the coronavirus could limit the pair’s strong gains. The pair AUD/USD has moved higher […]
USD / JPY slightly negative below 104.80
USD / JPY finds some selling on Tuesday and extends the pullback from the three-day highs. Political uncertainty in the US keeps USD bulls on the defensive and puts some pressure on the pair. The nervousness over the coronavirus and the fiscal impasse in the US benefits the safe-haven JPY and adds to the selling […]
Markets lick wounds from coronavirus-related defeat, focus is on US data
This is what you need to know to trade today Tuesday, October 27: Markets are recovering and the US dollar is slowly retreating, after concerns about COVID and the realization that US fiscal stimulus will not come hit the markets. Speculation about the election, two major US publications and additional data on coronavirus are drawing […]
GBP / USD clings to modest gains around the 1.3020 region
GBP / USD reverses an initial decline near the 1.3000 level. The rally is solely due to a slightly softer tone around the safe-haven USD. Coronavirus fears and Brexit uncertainties could limit any positive movement for the British pound. The pair GBP/USD clings to modest gains around the region of 1.3020-30 at the start of […]
White House adviser says negotiations for more stimulus have not stopped
White House Economic Adviser Larry Kudlow said Monday in an interview with CNBC, that more commitments will be necessary to reach an agreement for new fiscal stimuli, as reported by Reuters. “The US economy still needs specific help,” Kudlow added, noting that talks for the approval of more stimulus measures They have slowed down but […]
USD / CHF rises around the 0.9075 region
USD / CHF regains positive traction on Monday amid widespread USD strength. The positive move does not appear to be affected by the prevailing sentiment of risk aversion. USD buying interest has accelerated during the European session on Monday and has led the pair USD / CHF to new daily highs around 0.9075 region. At […]
EUR / GBP falls to fresh daily lows around 0.9050 region
EUR / GBP cannot capitalize on its intraday rally above the 0.9100 level. The ECB’s dovish expectations and the rise in COVID-19 cases in Europe weigh on the euro. Brexit-related uncertainties weigh on the GBP and could help limit deeper losses. The crossing EUR/GBP has rapidly retreated around 65 pips during the European session on […]
Nervousness over rising COVID-19 infections is increasing
Following the publication of IFO’s latest German business survey, the institute’s economist, Klaus Wohlrabe, has said the economy is getting more nervous amid rising coronavirus infections. Additional comments: We anticipate growth of 2.1% in the fourth quarter. The growth forecast excludes a second blockage. Closing schools and daycare would have a massive impact on the […]
