Risk-recovery back in play, US dollar recedes with second-wave virus fears
Fundamental Forex Analysis

Risk-recovery back in play, US dollar recedes with second-wave virus fears

Here is what you need to know on Monday, June 22: The US dollar reversed a part of last week’s gains after starting out the week on the front foot, as the risk-recovery mode returned in Asia. Beijing reported f...

USD/JPY: ???? ???? ??????? 109.00
Forex News

USD/JPY retraces losses above 107.00 as trade/virus fears loom

USD/JPY defies the previous day’s pullback from the three-week top. Markets remain risk-averse amid fears of another wave of the virus outbreak, trade war. BOJ officials cited fears of the coronavirus, showed r...

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Forex News

Fears of second coronavirus wave could bode well for dollar

EUR/USD lacks clear directional bias amid renewed coronavirus fears.  Germany sees a rise in the virus reproduction rate. China’s PPI drops to multi-year lows, signaling continued weakness in the manufact...

UK Chancellor to cut coronavirus furlough scheme over addiction fears – Times
Forex News

UK Chancellor to cut coronavirus furlough scheme over addiction fears – Times

The UK’s Times reports that Rishi Sunak is preparing to “wean” businesses and workers off the government’s furloughing scheme by cutting wage subsidies amid concerns that the nation has become “addicted”....

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Forex News

NZD/USD retraces around 0.6050 amid trade war fears, virus worries

NZD/USD ignores downbeat New Zealand Building Permits. WHO refrains to support the US claims against China. Global coronavirus death toll exceeds a quarter of a million. New Zealand ANZ Commodity Price Index, R...

AUD/USD ?????????? ? ?????????????? ????????? ??? 0.6800
Forex News

Bears attack 0.6400 as trade war fears spread faster

AUD/USD stays on the back foot around the one-week low. US President Trump, Secretary of State Mike Pompeo add fuel to the US-China trade war concerns. Gilead’s Remdesivir will be available to the coronavirus p...

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Forex News

USD/JPY extends recovery gains above 107.00 as US Pres. Trump renews trade war fears

USD/JPY stretches previous recoveries from the multi-day low. US President Trump holds China responsible for the virus outbreak, threatens to use tariffs to respond. Japanese PM Abe will decide about the nation...

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Slips below 1.3100 as Brexit fears renew, trade sentiment improves

GBP/USD snaps five-day winning streak, reverses from early-February tops. Fresh calls to delay Brexit deadline, alter the UK’s approach weigh on the Cable. Risk-tone recovers amid global policymakers’ efforts t...

AUD/USD ???????????? ?????? 0.6870
Forex News

AUD/USD drops back to revisit near 0.6600 region as coronavirus fears intensify

AUD/USD gaps down at the start of the week. US dollar pulls back after heavy fall registered during the recent days. Coronavirus fears continue to weigh on risk-tone, an increase in cases in the US and Europe a...

EUR/USD ???????? ??? ????????? ???? 1.1175 – UOB Group
Forex News

EUR/USD hits 7-month high on coronavirus pandemic fears

EUR/USD hit seven-month highs in Asia as stocks tanked on virus fears.  Euro has become a haven currency due to ECB’s negative rates and Eurozone’s current account surplus. The buying interest arou...