GBP/USD climbs back above the 1.2300 level See here for global coronavirus case data Cable buyers are exerting more control in the pair upon the break of the key hourly moving averages earlier, and are running with the momentum towards 1.2300 now.
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NZD/USD eyes a breakout as positive risk flows keep the pressure on the dollar
NZD/USD is at session highs, closing in on the 30 April high of 0.6176 See here for global coronavirus case data The recent topside momentum in the pair has been limited by resistance from around 0.6156-76 but the pair is now nearing a breakout of that amid the risk-on vibes today.
EUR/USD climbs to session high as dollar keeps weaker amid risk-on mood
EUR/USD buyers look to seize near-term control See here for global coronavirus case data EUR/USD is rising to a high of 1.0938 on the session, as buyers now look to keep a break above the 100-hour MA (red line).
AUD/USD buyers begin to eye 0.6600 again on more positive risk appetite
AUD/USD trades back above its 100-hour moving average See here for global coronavirus case data That sees the near-term bias now turn more bullish upon the break of the 100-hour MA (red line), as buyers reclaimed control after a bit of a battle in between the key hourly moving averages since last Friday.
Cable pushes to session high on softer dollar as buyers reclaim near-term control
GBP/USD rises to a high of 1.2245 to start the session See here for global coronavirus case data The dollar continues to sit weaker amid the more positive risk mood to start the day, and that is helping to see cable push higher towards some near-term resistance around 1.2245-50.
Canadian dollar climbs to session high on positive risk mood
Canadian markets are open today It's a holiday in the US but Canada is open and the TSX Composite is up 1%. The loonie trails only sterling at the top of the FX leaderboard today.
FX option expiries for Tuesday May 26 at the 10am NY cut
EUR/USD USD/JPY GBP/USD See here for global coronavirus case data
BOC's Poloz: Have more tools to deliver more support if needed
Bank of Canada Governor Poloz & senior deputy Wilkins speaking in a parliamentary committee more to come See here for global coronavirus case data
RBNZ says financial system in a solid position
Reserve Bank of New Zealand Financial Stability Report (FSR) More here Little NZD change, the report was not expected to have impact upon the NZ$
ECB's De Guindos: ECB committed to addressing bond-market fragmentation
De Guindos on Bloomberg TV 'Fragmentation' is a fancy way of saying that Italy has to pay more to borrow than Germany. The idea that borrowing rates for a deficit-ridden, black-hole-of-growth like Italy should be the same as Germany — or even close — is utterly ridiculous, but not as ridiculous as the idea that […]