Forex Market

The Dollar Index (DXY), which measures the performance of the US Dollar (USD) against a basket of major international peers, declined on Monday, due to the rising number of COVID-19 cases in the United States. Meanwhile, the market is anticipating the Congress passing a new economic stimulus package, as well …

The Euro rose against the US Dollar on Monday, nearing a two-year high, with the US continuing to register an increasing number of COVID-19 cases. The market anticipates a second stimulus package that could be soon approved by Congress, as well as the upcoming Federal Reserve meeting this week. Meanwhile, …

The GBP/USD pair rose to nearly 5-month highs with a strong offered tone, to the 1.2875 region during the mid-European session on Monday. The US dollar started the week on the negative side, amid fears of a faltering economic recovery in the United States after the increase in new Covid-19 …

The EUR/GBP gained some momentum on Monday and built on a good bounce last week with the common currency receiving support from the European Recovery Fund Agreement. The EUR/GBP shade some gains around 20 points during the European session, just above 0.9100. the pair built on a good bounce last …

Concern about the high of COVID-19, and the worsening relations between the United States and China affected the pair. The upbeat mood on the market undermined the CHF as a safe haven and helped reduce further losses. It appears that the USDCHF pair has now entered a bearish consolidation phase …

The US Dollar (USD) is trading lower against major currencies on Friday, with the market seeing rising demand for safe havens, in light of the escalating tensions between the US and China and the rising number of COVID-19 cases across many countries. The demand for safe haven, evident by gold …

The headline seasonally adjusted UK Composite Output Index registered 57.1 in July, up from 47.7 in June, according to data by the IHS Markit and CIPS survey. The improvement in business conditions across the UK helped the private sector economy in restoring recovery signs against the COVID-19 crisis. The flash …

FX option expiries for July 24 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1500 916m

The Euro’s (EUR) rally against the US Dollar (USD) was not affected by the worsening consumer confidence indicator for the Eurozone, considering that data by the European Commission suggested that the index remained stable despite a 0.3% decline. The EUR/USD is trading at ‪1.16193, up by 0.40% for the day. …

The Euro is now supported by the European Union’s (EU) recent agreement for a recovery fund to help the bloc’s economy combat the downturn caused by the coronavirus disease (COVID-19) crisis. Approving the recovery fund spurred demand for European assets and extended the Euro’s rally, and now, market analysts are …