GBP/USD: The pound fell against a stronger dollar on Monday as investors weighed the government’s strategy of local lockdowns and looked ahead to the Bank of England’s policy meeting on Thursday. The pound reached $1.3170 – its highest in nearly five months – on Friday, benefiting from investor caution about rising COVID-19 cases in the […]
USD/JPY: The dollar strengthened against the Japanese yen on Monday ,amid some squeezing out of crowded short positions and safe-haven demand. Markets are now looking to a data-heavy week of inflation and business activity readings, as well as employment figures from the United States on Friday. The dollar gained 0.1% against the Japanese yen to […]
USD/CHF: The dollar rose against the Swiss franc on Monday as dollar gained after a punishing July, as squeeze on crowded short positions left the dollar clinging to a tentative bounce. the U.S. dollar ticked 0.1% higher as bears took profits on crowded short positions, but further gains were capped by the slowing U.S. economic […]
EUR/USD: The euro dipped against dollar on Monday as rising coronavirus cases and concerns over the U.S. economy weighed on investor sentiment. Investors were nervous at the lack of a new stimulus package in the United States with White House Chief of Staff Mark Meadows not optimistic on reaching agreement soon on a deal.A Bank […]
AUD/USD: The Australian dollar surged to an over 1-year high as risk sentiment slightly improved after factory activity gauges for July in China and for June in South Korea came in better than expected, fuelling hopes that the worst impact from the health crisis has passed. The Aussie trades 0.4 percent higher at 0.7193, having […]
GBP/USD: Sterling rallied to an over 4-1/2 month peak near the 1.3200 handle, as the greenback eased across the board. However, the upside in the British pound appears limited as the UK and European Union made little progress on post-Brexit trade arrangements. The major traded 0.3 percent up at 1.3136, having hit a high of […]
USD/JPY: The dollar slumped to a near 5-month low earlier in the session as U.S. GDP collapsed at a 32.9 percent annualized rate in the second quarter, the deepest decline on record, while jobless claims rose last week, adding to signs the momentum of economic recovery has slowed. The major was trading 0.3 percent down […]
EUR/USD: The euro rallied to an over 2-year peak above the 1.1900 handle, after data released yesterday showed Euro zone economic sentiment rebounded more than expected in July, while the industry gained. Moreover, EU leaders deal on a massive recovery fund that will bring the bloc closer to a fiscal union continued to support the […]
DXY: The dollar index declined, amid expectations the Fed will maintain its ultra-loose monetary policy for years, while U.S. President Donald Trump raised the possibility of delaying the November election. The greenback against a basket of currencies traded 0.4 percent down at 92.59, having touched a low of 92.55 earlier, its lowest since May 2018.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.