October 25, 2021 9:05 am
GBP/USD edged up at the start of the new week as market players weighed the prospect of inflation speeding up the pace of rate increases outside the United States. Markets are now pricing a nearly 60% possibility that Bank of England will lift interest rates next week. Meanwhile, against a basket of six major peers, […]
Read moreOctober 19, 2021 8:38 am
AUD/USD hit highs not seen since early September on Tuesday amid improved risk sentiment as Asian shares tracked US tech equities higher as well as on indications China’s property market woes will probably be contained. The risk-sensitive Aussie dollar surged even as the minutes from Reserve Bank of Australia’s October policy meeting showed the central […]
Read moreOctober 18, 2021 9:03 am
GBP/USD eased on Monday, but remained not far from Friday’s one-month high, following hawkish remarks from Bank of England Governor Andrew Bailey over the weekend. He said that the central bank would need to act because energy prices push consumer prices higher. There is now a nearly 30% chance of a rate hike by Bank […]
Read moreOctober 12, 2021 8:50 am
AUD/USD extended gains from the prior trading day on Tuesday, supported by a surge in commodity prices and soaring bond yields, as market players bet major central banks would begin policy tightening in an attempt to tackle rising inflation. Oil prices have risen to highs unseen in several years, while prices of coal and gas […]
Read moreOctober 11, 2021 8:22 am
GBP/USD gained on Monday, while extending a rebound from a nine-month trough registered on September 29th, supported by rising expectations that the Bank of England could have to raise interest rates sooner in order to tackle a surge in inflation. “In the UK, markets are clearly taking the view that the BoE will be forced […]
Read moreOctober 5, 2021 9:12 am
AUD/USD snapped a three-day streak of gains on Tuesday as investors were concerned about inflation, rising oil prices and a possible economic slowdown in China, while Reserve Bank of Australia continued with its plan to maintain its bond-purchasing program at a pace of AUD 4 billion per week until at least mid-February 2022. At the […]
Read moreOctober 4, 2021 8:46 am
After recording its fourth straight period of decline last week, GBP/USD was mostly steady during Monday’s European trade. Market players seemed to have focused on a sour UK outlook and the risk of both higher interest rates and inflation, disregarding hawkish rhetoric from Bank of England. “Investors are judging the UK by its whole suite […]
Read moreSeptember 28, 2021 9:07 am
AUD/USD bounced off the area of resistance (0.7300-0.7319) on Tuesday, as the US Dollar extended gains from the previous two trading days, supported by expectations of monetary policy tightening by the Federal Reserve. A surge in US bond yields drove the US Dollar Index up to a fresh five-week high of 93.616 on Tuesday. The […]
Read moreSeptember 27, 2021 9:00 am
GBP/USD and other risk-sensitive assets rose at the start of the new week, as concerns over a widespread market contagion from indebted property developer China Evergrande Group began to subside. Last Thursday the Sterling surged 0.8% against the dollar after a rather hawkish tone by the Bank of England on interest rates and after two […]
Read moreSeptember 21, 2021 8:58 am
AUD/USD snapped a three-day streak of losses on Tuesday, while tracking a rally in crude oil prices and despite overall risk-averse mood. Yesterday the Aussie slipped to a fresh one-month low against its US counterpart, as the risk of a potential default by property developer China Evergrande heightened, causing a flight to safety in the […]
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