Dollar Up, Hopes of Fed Monetary Stimulus Rise
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- November 19, 2020
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EUR/USD finally surpasses the key 1.2200 barriers on Tuesday. The sell-off within the dollar forces DXY to interrupt below 90.00. EMU flash Q1 GDP figures next of relevance within the euro docket. The buying pressure around the single currency remains well and…
The dollar was up on Thursday morning in Asia, clawing back gains from earlier losses. The market saw small moves as the number of COVID-19 cases globally continues to rise incessantly, and expectations of further…
EUR/USD finally surpasses the key 1.2200 barriers on Tuesday. The sell-off within the dollar forces DXY to interrupt below 90.00. EMU flash Q1 GDP figures next of relevance within the euro docket. The buying pressure around the single currency remains well and…
NZD/USD is probably going to navigate within the 0.7125-0.7300 home in subsequent weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “Yesterday, we highlighted that ‘further sustained NZD strength is unlikely’. We added, NZD ‘is more likely to…
“Gold is benefiting from the risk-averse market conditions, thanks to the renewed concerns about coronavirus restrictions in Asia. A foremost covid outbreak haunts Taiwan and Singapore whilst India and Japan war with rising instances and…
Silver (XAG/USD) is approaching the February high at $28.37. Above here lies the $30.09 February 1 high, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports. Silver underpinned by the $25.65 support “Silver…
Palladium (XPD/USD) continues to carry over the 20-day moving average at 2904 and maintains an upside bias while above here. Target zone 3028/53 remains, as reported by Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank.…
The prevalent risk-off mood prompted some heavy selling around AUD/USD on Wednesday. Inflation concerns, escalating conflict between Israel and Palestine dented the danger sentiment. A subdued USD price action helped limit any longer losses before the critical US CPI report. The…
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The dollar was up on Thursday morning in Asia, clawing back gains from earlier losses. The market saw small moves as the number of COVID-19 cases globally continues to rise incessantly, and expectations of further monetary stimulus from the U.S. Federal Reserve begin to grow. “Central bankers continue to offer promises of almost endlessly easy...
The dollar edged higher in early European trade Thursday, helped by its safe-haven status as concerns about the impact of the coronavirus remain. At 3:05 AM ET (0805 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was up 0.2% at 92.517, but just above the month’s low of...
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