Sterling fell to two-month low vs dollar on remarks from BOE Governor Bailey and expectations for…
Cable accelerated lower in early Tuesday, extending Monday’s nearly 1% fall, with fresh weakness being sparked by remarks of BOE’s Governor Andrew Bailey.
Bailey said that escalating Covid-19 cases increase downside risks for the economy,…
Read More...
Read More...
Prospective second UK lockdown triggers sharp fall in the British pound and European stocks, while…
Riskier currencies, European stocks, and gold fell sharply on Monday, while the dollar and Japanese yen benefited from a fresh wave of risk aversion triggered by signals that the UK is considering a second lockdown.
The situation in the…
Read More...
Read More...
EURJPY drops to two-month low as traders migrate to safety on fresh risk aversion
The cross accelerates lower (down 0.95% since opening in Asia) as worsening conditions with Covid-19 and signs that UK government considers second lockdown, slashed risk appetite on Monday and boosted demand for safe-haven yen.
Fresh fall…
Read More...
Read More...
Euro falls on risk aversion / weaker pound
The Euro fell on Monday morning (down 0.45%) dragged by weaker pound on lockdown talks and fresh risk aversion.
Larger bulls were strongly rejected at 1.20 barrier, but remained in play as double weekly Doji signaled strong indecision,…
Read More...
Read More...
Cable extends lower after triple failure at 1.30, as UK government considers new lockdown
Cable keeps weak tone in early Monday, following triple failure at psychological 1.30 barrier last week.
Friday’s action closed in red and within thick daily cloud, raising fears that probe above cloud was short-lived and reversal could be…
Read More...
Read More...
Bears pressure pivotal support at 104.18, break of which would risk drop to 2020 low
The dollar holds firmly in red vs yen for the fifth straight day and on track for a weekly fall of approx. 1.6% (the biggest weekly drop since the second week of June.
The dollar suffered from dovish Fed, risk mode and downbeat US data…
Read More...
Read More...
Weekly market overview
The dollar weakened and its major counterparts rose this week, as risk mode dominated.
The weaker greenback pushed gold and crude oil higher, while global stocks traded in mixed mode.
On Tuesday, upbeat Chinese data signalled that the…
Read More...
Read More...
Cable pressures 1.30 barrier but so far lacks strength for final break
Cable steadies above thick daily cloud and just ticks below psychological 1.30 barrier in early European session on Friday.
Sterling quickly recovered from over 100-pips dip on Thursday after the BOE announced preparation for possible…
Read More...
Read More...
The dollar returned to red after downbeat US data on Thursday
The dollar stands at the back foot in early European trading Friday after strong fall on Thursday.
Initial gains on Fed’s upgraded forecast for GDP growth evaporated as the green back came under increased pressure on downbeat US data on…
Read More...
Read More...