GBP/USD pair trades to the downside due to the recent weakness that is caused from the broad risk-off mood and economic fears, retail traders’ restrictions and China’s warning to Taiwan. Also, weighing on the quote could be the EU-UK tussle over the vaccine, Brexit issues and virus worries. Global traders worry about further restrictions on [...]
Gold is trading low from Wednesday after FOMC statement, and traders are awaiting the US Q4 advance GDP release for a fresh direction. XAU/USD lost ground once again on Wednesday after the Fed left its key rates unchanged. Fed left their benchmark interest rate unchanged near zero as they flagged a moderating U.S. recovery and [...]
The already uptrend Aussie dollar extends its gains as the Australian Bureau of Statistics (ABS) reported better-than-expected fourth-quarter inflation figures. Australia's Consumer Price Index (CPI) rose 0.9% quarter-on-quarter in the fourth quarter, leaving behind the estimate of a 0.7% rise but it is down from the preceding quarter's 1.6% rise. In December, the ABS had [...]
Sterling is under pressure amidst fears of new coronavirus strain in the UK and lockdown restrictions. Prime Minister Boris Johnson warned on Friday that the new UK COVID-19 variant might be associated with a higher level of mortality. Also, the British government has extended lockdown laws to give councils the power to close pubs, restaurants, [...]
