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  • FX MARKET REPORT 24.07.2020

    GBP/USD has been benefiting from upbeat UK retail sales but US-China  spat is taking their toll. EUR/USD regains 1.16 as German Preliminary  Manufacturing PMI betters estimates with 50.0 in July. The Dollar Hits  22-Month Low Amid Recovery Concerns, trading at 94.627.

    4 min
  • FX MARKET REPORT 23.07.2020

    GBP/USD bounces off intraday low of 1.2723, stays inside 20-pips range  since late-Wednesday. EUR/USD stays bid and looks to retest the 1.1600 mark.  The dollar weakened in early European trade Thursday, with signs of a  recovery in Europe boosting sentiment despite heightened tensions  between the U.S. and China. The Dollar Index was down 0.1% at 94.808,  just off the four-month low of 94.773 seen earlier.

    4 min
  • FX MARKET REPORT 22.07.2020

    The GBP/USD pair is heading back towards 1.2700 amid a fresh round of  selling seen in the US dollar across the board, as the risk sentiment  improves in Europe.  EUR/USD jumped to fresh multi-month highs on Tuesday after the European  Union reached a historical deal on the €750 billion coronavirus recovery  fund. The Dollar Index was down 0.1% at 95.718, having earlier traded  at a more than four-month low of 95.687. USD/JPY was up 0.1% at 107.31

    4 min
  • FX MARKET REPORT 21.07.2020

    The GBP/USD pair is heading back towards 1.2700 amid a fresh round of  selling seen in the US dollar across the board, as the risk sentiment  improves in Europe.  EUR/USD jumped to fresh multi-month highs on Tuesday after the European  Union reached a historical deal on the €750 billion coronavirus recovery  fund. The Dollar Index was down 0.1% at 95.718, having earlier traded  at a more than four-month low of 95.687. USD/JPY was up 0.1% at 107.31

    4 min
  • FX MARKET REPORT 20.07.2020

    GBP/USD drops to 1.2520, down 0.37% on a day while heading into the London open on Monday. EUR/USD has started the week on a positive foot and is lifting to the 1.1465/70 band, new three-month peaks Dollar Index was flat at 95.925, near the four-month low it posted last week, while USD/JPY was up 0.3% at 107.27.

    4 min
  • FX MARKET REPORT 17.07.2020

    GBP/USD escalates the recovery moves to 1.2570, up 0.15% on a day, while heading into the London open on Friday.  EUR/USD is showing no changes on the day as trades at 1.1384. The U.S. Dollar Index was up 0.01% to 96.278.

    4 min
  • FX MARKET REPORT 16.07.2020

    GBP/USD has been on the back foot as weaker parts of economic indicators  take priority. US Retail Sales, BoE speculation and coronavirus figures  are of interest. Support awaits at 1.2535, which is where the 200 SMA  hits the price. EUR/USD is managing well to keep business around the 1.14 neighbourhood  despite posting small losses so far in the second half of the week. The dollar index is trading at the 96 level however it is expected to  weaken about 2% to 94.1 by the second quarter of next year according to  Bloomberg. Goldman Sachs expected a weak dollar too in a report this  week.

    3 min
  • FX MARKET REPORT 15.07.2020

    The GBP/USD pair maintained its bid tone near session tops, around the 1.2580 region and moved little post-UK inflation figures. EUR/USD has backed off from one-month high at 1.1422 reached during the early Wednesday. The dollar index, which tracks the greenback against a basket of six other currencies, was down 0.1% at 96.093.

    4 min
  • FX MARKET REPORT 14.07.2020

    GBP/USD has retreated from the 1.2650 level to 1.2500 level. EUR/USD  targets the June and July highs at 1.1374/1.1422 – Commerzbank. The  dollar index was up 0.2% at 96.547. USD/JPY was up 0.1% at 107.31.

    4 min
  • FX MARKET REPORT 13.07.2020

    GBP/USD takes the bids near 1.2655, up 0.27% on a day. EUR/USD is fast  closing on the 200-week simple moving average (SMA) hurdle at 1.1333  The dollar index slipped 0.2% in early Monday trade to 96.452.

    3 min

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