Analysts at Standard Chartered point out the coronavirus-enforced lockdown is set to cause the steepest downturn in Australian GDP growth in decades.
Blogs
USD/MXN reverses and drops to the 24.00 area, Mexican peso outperforms
The USD/MXN pair dropped from near the 24.50 zone and bottomed at 23.92 before rising back to the 24.00 area where currently trades, consolidating los
USD/CHF Price Analysis: Greenback retraces to 0.9730 vs. Swiss franc
USD/CHF is trading down on the day after rejecting the 0.9800 figure and the 200 SMA on the daily chart.
USD/TRY could rally to 10 or higher – Rabobank
The Turkish lira has dropped to all-time lows on Thursday, pushing the USD/TRY to 7.2690 on concerns that the Central Bank is running out of FX reserv
USD/JPY erases majority of daily gains, steadies near 106.30
The USD/JPY pair advanced to a daily high of 106.65 during the American session but made a sharp U-turn as the greenback came under strong selling pre
Gold rallies to fresh highs for the month as US dollar and US yields sink
Gold prices have struck a fresh high for the month, withing the ebbs and flows of the markets. Gold and the US dollar are taking it in shifts to carry
EUR/GBP unable to breach 0.8800, remains steady above 0.8700
The euro upside attempt observed on Thursday’s European session has lost steam right below 0.8800 resistance area before pulling back during the US tr
Gold Price News and Forecast: XAU/USD is trading 1.41% higher on Thursday as the markets shift
The hourly chart shows the extent of the change in sentiment over the last 24 hours. On Wednesday the price it a low of USD 1682.30 and now there has
Pound Sterling Price News and Forecast: GBP/USD erases losses versus USD and EUR, favoured by risk appetite
The GBP/USD pair bottomed at 1.2265, the lowest in two weeks before rebounding 85 pips, climbing back above 1.2350. The move to the upside was trigger
GBP/JPY Price Analysis: Pound vulnerable below 132.00 vs. Japanese yen
GBP/USD is trading below the main SMAs on the four-hour chart as the quote broke below the April lows. The spot remains under bearish pressure with bears needi