January 10, 2022 11:03 am
GBP/USD traded mostly flat on Monday, while being in proximity to a fresh two-month peak, as market players have bolstered expectations that the Bank of England will lift borrowing costs in February after an unexpected hike in December. Particular attention will be paid to the preliminary UK GDP figures for November due out on Tuesday. […]
Read moreJanuary 4, 2022 10:32 am
AUD/USD rebounded from a two-week trough in light trade on Tuesday, but a surge in new daily COVID-19 cases to record levels weighed on the risk-sensitive Aussie Dollar as it may prompt Australia’s central bank to take a more dovish view. The rapid spread of the Omicron variant, especially in the eastern states in Australia, […]
Read moreDecember 28, 2021 10:36 am
USD/RUB edged higher in thin trade on Tuesday, but was still affected by heightened geopolitical pressure due to Russia’s military build-up near Ukraine. The Russian currency has been facing pressure since October, with Western nations concerned about a potential outcome from such a move. The US administration, which views the move as a possible preparation […]
Read moreDecember 21, 2021 10:50 am
AUD/USD rebounded from a two-week trough on Tuesday after the minutes from the Reserve Bank of Australia’s most recent policy meeting revealed an optimistic view that the Omicron virus strain was not expected to derail Australia’s economic recovery. RBA policy makers reiterated they remained committed to keeping interest rates intact at a record low level […]
Read moreDecember 20, 2021 10:12 am
GBP/USD extended a loss from last Friday at the start of the new week amid broad risk aversion across financial markets as surging Omicron infections in Europe raised concerns of potential lockdowns. Britain’s Deputy Prime Minister Dominic Raab said earlier Monday that he could not make any guarantees when asked if there would be further […]
Read moreDecember 14, 2021 11:10 am
AUD/USD, a liquid proxy for risk, retreated to a one-week low on Tuesday due to fresh concerns regarding the spread of the Omicron strain of the coronavirus, which prompted investors to seek the relative safety of haven assets, including the US Dollar and government bonds. Additionally, the greenback benefited from expectations that the Federal Reserve […]
Read moreDecember 13, 2021 11:45 am
GBP/USD weakened at the start of the new trading week, after British Prime Minister Boris Johnson said over the weekend the country encountered a “tidal wave” of the Omicron strain of the coronavirus, whereas two vaccine doses might not be sufficient to contain it. The emergence of this new COVID-19 variant initially raised concerns it […]
Read moreDecember 7, 2021 11:25 am
AUD/USD extended gains from the previous trading day on Tuesday as market players bet that the Omicron variant of COVID-19 would probably be mild. The top US infectious disease official Anthony Fauci told CNN on Sunday that “it does not look like there’s a great degree of severity” so far. Meanwhile, the Reserve Bank of […]
Read moreDecember 6, 2021 11:02 am
GBP/USD was a notch stronger at the start of the new week, but still remained in the area not far from last week’s over 11-month low of 1.3194, as market players were expecting a statement on monetary policy and economic growth from Bank of England Deputy Governor Ben Broadbent who is to speak at Leeds […]
Read moreNovember 30, 2021 11:43 am
AUD/USD was trading in proximity to a 12-month trough on Tuesday, after Moderna’s CEO warned COVID-19 vaccines would probably not be as effective against the Omicron virus variant as they had been with other types. “There is no world, I think, where (the effectiveness ) is the same level . . . we had with Delta,” Moderna Chief […]
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