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...

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Forex News

EUR/GBP recedes from multi-week tops near 0.8870

EUR/GBP clinched multi-week highs, retreats afterwards. Both the sterling and the euro suffers the dollar’s strength. BoE’s A.Bailey ruled out once again negative rates. After climbing to fresh multi-week high...

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Forex News

GBP/USD recedes from tops, back below 1.2500

GBP/USD clinches 2-week tops above 1.2500, drops afterwards. Dollar-weakness, risk-on trade lifted Cable to new peaks. UK’s CBI Distributive Trades Survey dropped to -55 in April. GBP/USD has come under some s...

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Forex News

EUR/USD trims gains and recedes to 1.1120

EUR/USD loses upside momentum and drops to 1.1130/20. The dollar manages to regain some poise and bounces off lows. US NY Empire State index plummeted to-21.50 in March. After climbing as high as the 1.1235/40...