The cable breaks the 13-day-old trading range as broad US dollar weakness supersede uncertainty over Brexit and the coronavirus (COVID-19) vaccine news from the UK. US dollar index (DXY) fell for the third day as the market’s risk-on mood joins reflation fears and directs the traders to the bonds from the greenback. To check the [...]
Greenback has bounced-off lows against the yen but remained in a narrow range around mid-105s, as markets remain in a waiting period in the aftermath of Friday’s US NFP report and incoming stimulus headlines. The weakness in USD/JPY was due to the US dollar sell-off due to the employment data disappointment, with only 49K jobs [...]
The yellow metal makes the heaviest losses in over this month, in the earlier of this month. Gold dropped to a nine-week low the previous day before recovering from $1,785. As the broad US dollar gains remain on the table, which weighs on gold prices off-late, the pre-NFP trading lull seems to challenge the commodity [...]
With covid vaccinations likely to kick off at the end of the ongoing month, Australian Prime Minister Mr. Scott Morrison said Thursday that the government would buy another 10 million doses of Pfizer’s vaccine. He also said that the country now has access to 150 million doses of the vaccine. Its worth mentioning that AstraZeneca’s [...]
