The US Dollar Rally Might be Short-lived Amid Economic Worries
The US dollar rebounded with the beginning of the new month after reporting the worst monthly performance in nearly a decade. The US dollar index surged to 93.50 level in Monday trading against the basket of major currencies.
Euro Slid and the US Dollar Rebound as Bearish Bets Reached Record Level
The US Dollar rebounded slightly after generating the largest monthly drop in a decade as the greenback struggled due to investors’ concerns over the economic situation of the world’s largest economy.
The US Dollar Fell to Two Year Low After Fed Kept Interest Rate Unchanged
The US dollar slipped to two year low against the basket of other major currencies as Federal Reserve’s chairman kept the interest rate around zero range.
Markets Await Important FOMC Meeting Today
US equities lower amid continued uncertainty. AUDUSD higher as CPI falls by less than expectations, indicating a stronger than expected economy which is a positive sign considering the recent COVID-19 outbreaks in state Victoria.
US Dollar is on Track for Worst Month in a Decade, Euro and Sterling Soars
The US Dollar has been weakening day over day over the last couple of weeks amid trader’s concerns over economic growth and increasing coronavirus numbers across the United States.
FX Technical Daily – 27th July
AUD/USD is currently forming a ‘right shoulder’ pattern. Previously candles have been trading in a choppy range.
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 […]