Forex Updates Concerning US Jobless Claims
Asian stocks fall as US-China tensions rapidly built. Disappointing US data yesterday has added negatively risk sentiment. UK retail sales and PMI came in much better versus estimates
Euro Retreats from 15-Month High, US-China War in Focus
Euro soared sharply and hit a 15-month high on Wednesday amid investor’s optimism on economic recovery and stimulus package of 750bn euros.
US COVID-19 Cases Continue to Mount
EUR/USD hits 18-month high of around 1.1550 this morning. The UK Government abandons hope of US trade deal before autumn. US reports highest number of COVID-19 deaths since June
Euro Soars to Fresh Four Months High, Dollar Struggles
Euro jumped sharply after 27 EU nations agreed on a 750bn euros stimulus deal to help member countries that are struggling due to coronavirus spread.
EU Recovery Fund Meeting In Focus
Essential Insights The Euro is strengthening to a 4-month high ahead of EU recovery fund talks today, with European bond spreads tightening and European equity bourses advancing. AstraZeneca PLC gained positive momentum on the back end of promising initial vaccine test results. US covid cases rise 2.2% in a single day Noticeable FX Movements The […]
Euro and Sterling Soars as Dollar Falls to One-Month Low
The US dollar has been under pressure since the beginning of this week as the greenback slumped for the fourth session in a row.
Euro looks Strong But British Pound Likely to Outperform USD and EUR
EUR/USD pair remains one of the best-performing currencies since the beginning of this month as the pair moved steadily to a new high level where it will test June 10 high of 1.142 level.
FX Daily Update – US Session 8th July 2020
European bourses are lower but remain within-session ranges with US futures posting similar performance . Price action has been choppy amid a lack of fresh fundamentals ahead of a quiet US schedule
Bank of England – Disappoints Sterling
Today we had the Bank of England interest rate decision and policy meeting, to which rates were unchanged as markets had expected.
G10 FX and EM Wrap up
What’s the latest on the G10FX and EM currently? This week, global recovery trades have seen momentum rapidly picking up. AUD/JPY and NZD/JPY have risen sharply by 6% whilst traditional safe heaven currencies such as CHF, JPY and USD have all underperformed. These recovery trades have not appeared from nowhere, they have steadily picked up […]
EUR/USD – ECB Backed Support But Will It Last?
EUR/USD has failed to sustain prices above 1.1000 , but downside risks have been reduced. Whilst the initial rejection from the 1.1000 level may be seen as a ceiling from further upside, there are reasons as to why EUR/USD may be building a stronger support to move higher from. The ECB has included a four-day […]
The Greenback Is Still Tumbling Against the Japanese Yen
A second stimulus is expected from the Japanese government The USD/JPY is appreciating amid the slow economy in Japan The fed left the interest rates with no change Technical Analysis: The USD/JPY is still flirting with the 106 level without succeeding to break it and close below it. As it appears on the image below, […]