USD / JPY extends the previous day’s pullback from six-day highs amid sustained USD sell bias. The latest optimism about additional US fiscal stimulus measures weighs on the USD. Optimistic market sentiment could weigh on the safe-haven JPY and help limit the slide. The selling tone around the US dollar is dragging USD / JPY […]
Tag: PolicyFiscal
Markets perk on hopes of a US stimulus deal, election polls in focus
This is what you need to know to trade today Wednesday, October 21: Stocks and gold rise as the safe-haven dollar falls on hopes that US lawmakers will establish an aid package for the economy. Tensions over the elections, Brexit talks and the rise in COVID-19 cases in the eurozone are in the spotlight. Fiscal […]
The S&P 500 remains above 3,450 with the focus on US fiscal stimulus talks.
US stocks open strong gains amid hopes of additional US fiscal stimulus. Recent nervousness over the coronavirus could weigh on optimism and limit the rise. The main US stock indices have opened with strong gains on Tuesday and they have recovered part of the strong setback of the previous day. The hope that US lawmakers […]
Vulnerable AUD / USD near multi-week lows amid subdued RBA expectations
AUD / USD witnessed strong selling for the fourth consecutive session on Tuesday. The RBA’s subdued expectations turned out to be a key factor weighing heavily on the Australian. The intraday fall did not get respite from risk appetite, the weakness of the dollar. The pair AUD/USD It maintained its offered tone during the first […]
GBP / USD falls to fresh daily lows, with bears targeting the 1.2900 level
GBP / USD is struggling to preserve its intraday gains and falls to new daily lows. Lingering uncertainties related to Brexit continue to weigh on the GBP. A softer tone around the USD does little to help the bulls or offer support to the pair. The pair GBP/USD has fallen more than 60 pips from […]
USD / CHF falls to 1-month lows around 0.9070 amid USD weakness
USD / CHF is witnessing some continuation selling for the second day in a row on Tuesday. Uncertainty about US fiscal stimulus measures weighs on the USD and puts pressure on the pair. Risk appetite sentiment does little to weigh on the safe-haven CHF or to support the pair. The USD’s intraday selling bias has […]
GBP / USD jumps to daily highs around 1.2980 region amid weaker USD
GBP / USD turns positive for the second day in a row amid a renewed selloff of the USD. Doubts about additional US fiscal stimulus measures weigh on the USD. The uncertainties of Brexit could limit any uncontrolled movement of the British pound. The pair GBP / USD has recovered more than 60 pips from […]
Bulls expect a sustained move above the 1.3200 level
USD / CAD extends the previous day’s bounce and gains traction for the second day in a row. A softer tone around oil prices weighs on the CAD and supports the pair’s upward move. A moderate demand for the USD prevents investors from opening new positions and limits the pair’s further gains. The pair USD […]
USD / JPY pulls back from week highs, still positive around 105.50 level
USD / JPY gains traction for the second day in a row on Tuesday, although it lacks continuation. A positive tone in the stock markets weighs on the Japanese yen and supports the upward movement of the pair. Moderate USD demand prevents bulls from opening new positions and limits the pair’s rally. The pair USD […]
Dollar Pulls Back on New Stimulus Hopes, Brexit and Coronavirus News Focusing Attention
This is what you need to know to trade today Tuesday, October 20: After a day down on Monday, stocks have stabilized and the safe-haven dollar recedes on reports that US officials are moving toward a tax deal. On Brexit, the UK still demands concessions from the EU. US housing numbers and political headlines ahead […]