Forex Market

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 …

The US dollar reached its lowest level in four months, and the Chinese yuan regained some losses from the previous decline, as investors adopted a wait-and-see attitude regarding the outcome of the tensions between the two countries. The United States granted China until Friday to close its Houston consluate, on …

The British pound settled above $ 1.27 in the last day of Brexit negotiations, with investors looking for any headlines that might shed some light on whether Britain will exit the European Union with a deal at the end of the year. Media reports suggested the United Kingdom has given …

FX option expiries for July 23 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1470 876m1.1500 1.2bn1.1550 823m – USD/JPY: USD amounts          108.25 500m  – NZD/USD: NZD amounts 0.6750 236m – EUR/GBP: EUR amounts 0.9060 394m 

The Canadian Dollar (CAD) showed a strong performance on Wednesday, making the best use of its US rival weakness. Earlier today, data by Statistics Canada showed that the Canadian annual consumer price index (CPI) rose more than expected in June. The CPI rose by 0.7% year-on-year in June, compared with …