The GBP/AUD exchange rate traded in a wide range last week as fears of a second wave of coronavirus infections gripped markets.
What’s Been Happening: Pound Undermined by Second Wave Concerns
The Pound struggled through last week’s session. The currency faced some pressure out of the gate after the
GBP/JPY refrains from extending the previous day’s weakness below 132.76.
Brussels’ readiness to ease on “level playing field” will offer a boost to Brexit talks.
Easing of coronavirus restrictions, hopes of tax relaxation favor pound.
Fears of the virus wave 2.0, US tariffs question the bulls.
Speaking at a regular news conference on Monday, Japanese Chief Cabinet Secretary Yoshihide Suga said the situation in Hong Kong is deeply concerning, adding that the stability is important.
His comments come in response to China’s decision to impose a new security law on Hong Kong last month, which
Gold eyes flat weekly close and second straight monthly gain.
Macro factors seem balanced and could keep prices in a broad range above $1,700.
The focus will be on OPEC+ expectations, coronavirus developments, and key data releases next week.
Gold is about to post its second straight monthly g
GBP/USD retreats from two-week highs at 1.2395 to levels right above 1.2300.
Pound loses steam as risk appetite wanes awaiting Trump’s conference on China.
Above 1.2363, the pair might advance towards 1.2643/48 – Credit Suisse.
Sterling’s rally from 1.2230 lows has reached two-week highs at 1.23
US President Donald Trump is hosting a news conference from White House.
US Pres. Trump weighing sanctions targeting China's financial sector – Bloomberg.
US President Donald Trump is weighing sanctions that target China's financial sector through sanctions and trade policy over Hong Kong, Reu
Previewing the European Central Bank's monetary policy meeting next week on June 4th, "the focus of the June meeting will likely be the expansion of the PEPP that the ECB has telegraphed," said TD Securities analysts.
"We're onside with consensus in looking for an increase of €500bn, le
Today we get the April trade balance and personal income and consumption from the GDP report. Again, income will likely be less bad than the month before (-2.0%) and consumption better, too (from -7.5%) because of government spending to households, plus the payroll replacements. It still r
We're seeing a far more cautious tone at the end of the week as deteriorating relations between the US and China weigh on sentiment.
Trump is due to hold a press conference on China today, which will likely involve laying out the country's response to the National People's Congress passing of the c
DXY remains under heavy pressure and challenges 98.00.
Rising bets for a potential move to the Fibo level at 97.87.
DXY came under further pressure and is now navigating t he area of multi-week lows in the 98.00 neighbourhood.
Sellers now look to have regained the upper hand and therefore the do
GBP/USD rebounds swiftly from sub-1.2300 levels amid a broad-based USD weakness.
The intraday uptick seemed rather unaffected by not so optimistic Brexit headlines.
The prevalent cautious mood failed to lend any support to the safe-haven greenback.
Friday’s focus will remain on Trump’s reaction t
AUD/USD is posting modest daily gains on Friday.
Private Sector Credit in Australia stayed unchanged in April.
Focus shifts to Personal Income and Personal Spending data from US.
The AUD/USD pair came under strong bearish pressure toward the end of the American session and fell to 0.6620 area. H
Annual core PCE Price Index fell more than expected in April.
US Dollar Index stays deep in the negative territory near 98.
The Personal Consumption Expenditures (PCE) Price Index declined to -0.5% on a monthly basis in April from -0.2%, the US Bureau of Economic Analysis reported on Friday. On a
Sliding oil prices undermined the loonie and extended some support to USD/CAD.
The prevalent USD selling bias did little to inspire bulls and capped any strong gains.
Friday’s key focus will be on Trump’s response to China’s security law for Hong Kong.
The USD/CAD pair edged higher on Friday, al