AUD / USD has risen towards 0.72 in the US session. Mixed risk sentiment dominates the currency markets. Potential downward pressure looms with the Jackson Hole Symposium looming. The AUD / USD pair has risen in the American session, trading at 0.7254 at the time of writing. AUD / USD is making gains for the […]
Tag: Macroeconomy
Silver loses up to 2.91% on the week, looking towards $ 23.00
As we approach the close in New York, the white metal is trading 0.87% lower. The US dollar fell 0.06% as the US session progresses. The yield on 10-year US Treasuries rose to 1.26%. Despite the weakness of the US dollar, silver is losing for the third day in a row and is trading around […]
EUR / GBP posts modest gains for the week, up almost 1%, looking at the 0.8600 level
-637650732390027130.png "EUR / GBP posts modest gains for the week, up almost 1%, looking at the 0.8600 level")
EUR / GBP is up 0.22% on weak UK economic data. UK retail sales data is down 2.5% versus 0.4% expected. The short-term trend is up, however stronger UK economic data supports the British pound. The pair EUR/GBP it rises for the second day in a row, earning a modest 0.22%, trading around 0.8580. For […]
WTI loses up to 7.29% on the week, trades below $ 63.00
Oil slides for the fifth day in a row, almost 1% less. The increase in Covid boxes around the world could affect the demand for crude. The recent strength of the US dollar keeps oil prices under pressure. The oil it extends its decline in the week, is down almost 1.38% in the session and […]
GBP / USD falls to 4-week lows on strength of US dollar, 1.3600 targeted
The pound falls towards 1.3652, investors are looking at the 1.3600 level GBP / USD rises after a poor schedule in the UK, the strength of the dollar in general. US jobless claims data improved to 348,000 from the 363,000 expected by economists. The British pound is down 0.59% to 1.3672. At the beginning of […]
AUD / USD falls to yearly lows below 0.7150, looking towards 0.7100
Risk aversion weighs on the Australian dollar. The rise in covid infections globally reduces market confidence. Ongoing talks on the overhaul of the FOMC strengthen the US dollar. The AUD/USD it plummeted on the day and hit a new low for the year at 0.7145. At the time of writing this article, the price is […]
GBP / USD rises modestly on session, awaiting Fed Minutes
It bottomed at 1.3718, at new three-week lows. The focus of the market has reverted to covidual cases and the effect on supply chains. UK inflation figures, in line with the Bank of England target. RSI supports a move lower, caution is warranted as the Fed will release the latest meeting minutes. At the beginning […]
USD / CAD rises sharply above 1.2600, leaves 200-day DMA behind
USD / CAD hits a new weekly high at 1.2630. Risk market sentiment weighs on the loonie. USD / CAD is up for the second day in a row, growing 0.35% on the day at 1.2614, leaving the 200-day moving average behind. Previously, the pair recorded a new high for the week at 1.2630. The […]
We expect a strong economic recovery in the fourth quarter if Sydney emerges from lockdown
Australian Prime Minister Scot Morrison He has commented on the restrictions due to covid in the country while expressing his vision of the economic outlook. Featured statements The 80% of the adult population must be fully vaccinated before considering reopening the borders. Those vaccinated will have “special rules” applied to them. This is done bearing […]
A travel corridor for free movement between the UK and the US is being considered.
A travel corridor between the United Kingdom and the United States is being considered for free movement, said the Prime Minister of the United Kingdom, Boris Johnson, in an interview with LBC. Johnson added that the UK-US travel corridor will likely allow people to “come freely in the way that they normally do.” Featured Comments […]
