Ease in restrictions helps Aussie

The AUD/USD is taking a positive moment today as a response of easing in its COVID-19 lockdown restrictions and setting a precedent among other countries. Meanwhile, Australian stocks hit a record high on Tuesday, with mining and energy stocks rising on solid commodity prices, with OZ Minerals topping the gold release forecast on the benchmark. [...]

Virus concern favors Gold

Gold prices has been reached higher on today supported by easing U.S. bond yields and concerns over rising Delta variant infections, while investors focused on the Federal Open Market Committee's meeting this week. Coronavirus cases continued to rise over the weekend with a number of countries in Asia and Europe battling to control the outbreak [...]

Federal Reserve meeting expectation favors USD

The US Dollar has been set to end this week by its risk appetite and the U.S. market is moving in its path of shifting to the Federal Reserve meeting. The Labor Department said on yesterday that the total number of initial claims for unemployment insurance for the week ended July 17 was 419,000, higher [...]

Expectation on ECB favors pound

GBP/USD picks up bids from the last 6 months low on the US dollar pullback. The Sterling bullsĀ  have been appeared ahead of the European Central Bank (ECB) meeting. The European Union (EU) has rejected a 28-page paper to change the UK's Northern Ireland (NI) protocol request. The British government said on yesterday that post-Brexit [...]