GBP

As expected, GBP has rallied considerably after news confirmed that a Brexit deal had been reached. Even before the details of the plan were known! Once the initial euphoria wore off, however, sterling moderated its gains. During the…

The British pound remains weak as the UK is likely to enter another lockdown. This will limit economic growth and the reaction has been felt in the currency markets. Prices are now trading near the support level of 1.2750. The…

Challenges Persist for the Dollar The US index continued its fall yesterday. It closed under 93 for a fourth consecutive day. Increased doubts about the durability of America’s economic recovery assisted the decline. In addition,…

Dollar Takes a Step Back After Recent Optimism The US Index saw a slight progression as the weekly unemployment claims dropped below one million for the first time since March. However, this could not prevent the US index from closing…

Dollar Keeps Its Handle The US index closed positively for the fourth day in a row as continued talks of a stimulus package remain hopeful. The dollar is reacting to the strong producer price index (PPI) data from the US yesterday. This…

US Dollar Finds Momentum The US index closed above 93 for the second consecutive day on Monday. This comes after President Trump is looking to bypass congress in the hopes of extending the unemployment benefit relief package. Initial…

Employment Data To Lift Dollar Gloom? The US index looked firmer on the opening session this morning as it regained a foothold above 93. This comes after recording new 2020 lows from the end of last week. Increased hopes of a deal in the…

Continued Woes Weigh On the Greenback The US index closed below 92 on Wednesday as sentiment remains negative over the contraction of the US economy. The ADP missed expectations on the number of private-sector jobs in the US. The figure…

US Faces Continued Uncertainty The US Index closed towards the low 93's yesterday after rising for two days amidst positive PMI data. Further uncertainty remains over the lack of progression on a new US coronavirus relief bill. Talks…

Uncertainty Looms on Jobless Claims Package The US Index halted its free-fall at the close on Tuesday. However, with the US far from reaching an agreement on its fiscal stimulus package, further weakness can be expected.  In addition,…