Amid growing concerns about the Delta Cove variance in the Asia-Pack region, Australia and Indonesia have been badly affected and despite the Aussie fall, the Aussie pair have been suspended since yesterday and downbeat Aussie retail sales report. Preliminary estimates of Australian retail sales for June fell to -0.5% and -0.1% for previous readings, -1.8% [...]
Gold is bidding at the European session today, due to the US Treasury yield dropped. Hopes of passing the US Infrastructure Expenditure Bill seem to confirm market sentiment ahead of its practical vote on Wednesday. However, Delta Covid variant tragedies and reflection fears are on the table to challenge gold traders moving forward. On the [...]
The EUR/USD seems to be under downward pressure on the US dollar. The spread of the Delta Corona virus variant has worried investors about a global recovery and the dollar was nearing a record high on Monday as it sent money to safety. Daily infections are on the rise from the US and Europe to [...]
USD/JPY pays attention on Bank of Japan’s (BOJ) monetary policy announcements, stays bullish moment on pair among early Friday. The reason could be traced to the US dollar’s sustained strength for its best weekly gain in about a month, supported by buying on investor worries about quicker U.S. interest rate increases and by rising virus [...]
