The White House spokeswoman, Alyssa Farah, has said she is cautiously optimistic about House Speaker Nancy Pelosi and that she is moving toward a stimulus package., while talking to Fox News. Pelosi, a Democrat, will make a call with Treasury Secretary Steven Mnuchin around 19:00 GMT. Negotiations for an aid package have received a New […]
Tag: PolicyFiscal
Gold pulls back from multi-day highs, still well offered above $ 1,900
Gold regained positive traction on Monday amid a strong sell around the USD. Risk appetite, rising US bond yields kept any strong positive momentum limited. Gold spiked to multi-day highs, around the $ 1918 region during the early days of the American session, although it quickly lost around $ 10 thereafter. The precious metal managed […]
USD / CAD remains depressed near session lows, around 1.3165 region
USD / CAD saw some selling for the second consecutive session on Monday. Market optimism and US political uncertainties weighed on the dollar as a safe haven. Softer oil prices undermined the loonie and could help limit deeper losses for now. The pair USD / CAD it traded with a slight negative bias during the […]
USD / JPY flirts with session lows, around the 105.30 zone
The emergence of new selling around the USD put some pressure on the USD / JPY. Risk appetite, rising US bond yields could help limit losses for now. The USD intraday sell bias accelerated during the mid-European session and dragged the pair down USD/JPY to daily lows, around the 105.30 region in the last hour. […]
USD / CHF falls to multi-day lows, below 0.9100
USD / CHF witnessed a dramatic reversal from the 0.9160-65 supply zone. The emergence of some new USD sales was seen as putting pressure on the pair. Risk appetite led by rising US bond yields failed to impress USD bulls. The USD / CHF pair continued to lose ground during the middle of the European […]
USD / JPY consolidates in a range below the 105.50 level
A combination of divergent factors fails to provide a significant boost to USD / JPY. Moderate USD demand limits initial positive intraday movement to three-day highs. Risk appetite sentiment and a strong recovery in US bond yields could help limit any sharp decline. The pair USD/JPY is extending its side consolidation price action and remains […]
Gold rises to daily highs near $ 1,911-12 region; the climb seems limited
A softer tone around the USD helps gold regain positive traction on Monday. Risk appetite sentiment and a rally in US bond yields could limit strong gains. The bulls could expect a sustained move above a two-month downtrend line. The gold has moved higher at the start of the European session on Monday, rising near […]
The dollar retreats due to new hopes of stimulus, consumption improves in China
This is what you need to know to trade today Monday, October 19: Markets are cautiously upbeat and the US dollar is falling amid fresh hopes that the US will reach a stimulus deal ahead of the election. China’s third quarter GDP fell short of estimates, but includes several positives. Concerns about coronavirus cases in […]
USD / CAD struggles for firm direction, stuck in a range around 1.3200
USD / CAD alternated between tepid gains and minor losses throughout the early North American session. A recovery in global risk sentiment undercut the safe-haven dollar and limited the rise. Weaker crude oil prices undercut the loonie and helped limit deeper losses for the principal. The pair USD / CAD it lacked a firm directional […]
USD / JPY regains ground it initially lost, around 105.40 following the US data.
The emergence of new selling around the USD put pressure on the USD / JPY. The USD gained some respite following the release of upbeat US retail sales data. The decline in safe-haven demand undercut the JPY and extended some support. El by USD/JPY it reversed an intraday slide to the 105.20-15 region and moved […]