NZD/USD trades similarly to AUD/USD as the battleground is seen at the key hourly moving averages See here for global coronavirus case data Much like AUD/USD, the NZD/USD has been a trade on risk over the past few sessions since towards the end of last week. Topside this week has been failing to breach the […]
Blogs
AUD/USD battle shifts to the 200-hour moving average, sellers defend first key test
AUD/USD is higher on the day but the near-term bias is still more neutral See here for global coronavirus case data Amid the more positive risk tone in the equities space, the aussie has nudged a little higher on the session as we see AUD/USD climb to a high of 0.6474 earlier before backing off.
AUD/USD inches higher as buyers start to wrestle back some near-term control
AUD/USD buyers look to try and keep above the 100-hour moving average See here for global coronavirus case data The aussie is getting a bit of a nudge higher to start the session as stocks are also feeling a little more buoyant, with US futures now rising to 0.9% as the BOE looks likely to […]
Pound nudges a little higher as traders digest BOE policy decision
GBP/USD rose from 1.2325 to a high of 1.2382 before backing off a little See here for global coronavirus case data A couple of key takeaways from the BOE policy decision earlier:
Pound keeps a little weaker ahead of the BOE
Cable still pressured to the downside after break below 1.2400 yesterday See here for global coronavirus case data The low today hit 1.2311, near the support region of 1.2300-10 as the pound stays pressured upon a break under the 1.2400 handle since trading yesterday.
FX option expiries for Thursday May 7 at the 10am NY cut
EUR/USD USD/JPY AUD/USD See here for global coronavirus case data
Fed's Barkin: Negative rates not worth a try here
Fed's Tom Barkin speaking on CNBC – Economy has probably hit bottom, to go up from here – He thinks economic recovery is going to be slower than the shape the recovery See here for global coronavirus case data
ECB Lagarde: Second wave of viruses among top fears
ECB's Lagarde speaking and a Bloomberg webinar – Second wave of coronavirus is among top fears – no sense for how badly economy is affected – must take all possible measures to weather shock
Fed's Kashkari: Bad jobs report would understate damage because many people are not looking for work
Comments by Minneapolis Fed president, Neel Kashkari – Thinks that true unemployment rate is 23% to 24% – But report likely to show a lower number – Says can avoid depression scenario but US is in for a long gradual recovery See here for global coronavirus case data
BOE's Bailey: BOE could do more QE in June
BOE governor, Andrew Bailey, comments via Bloomberg TV – BOE not ruling anything out on further measures, keeping all options open – We're nowhere near using negative rates See here for global coronavirus case data