The UK is preparing to reopen its economy in gradual stages of five weeks apart, a cautious approach. Laura Kuenssberg of the BBC reports on Prime Minister Boris Johnson’s highly anticipated speech at the end of the day. Details on the return to schools, hospitality and other economic activities will likely be released during the..
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The reopening will be at five week intervals – BBC
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Two reasons why the current slide turns into a recovery
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EUR / USD was down as US yields pushed the dollar higher. Conversely, optimism about the global economy is boosting the euro. On Monday, comments from Germany’s IFO about the business climate and Fed Chairman Powell could send the pair higher, reports Yohay Elam, analyst at FXStreet. Key quotes “The German IFO survey in February..
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USD / CAD crosses below 1.26 – ING
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Last week the CAD had a strong performance, in line with other pro-cyclical currencies. On the first day of the new week, bears attack the 1.2600 level. ING Bank economists expect the USD / CAD pair to slide below this bar. Key quotes Idiosyncratic factors are helping to put a floor under the Canadian dollar:..
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When is the German IFO poll and how could it affect EUR / USD?
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Overview of the German IFO Company Survey The German IFO survey for February is expected to be released later today at 9:00 GMT. The IFO business climate index is higher at 90.5 compared to 90.1 previously. The current valuation sub-index is expected to drop to 88.9 this month. 89.2 ahead while the IFO Expectations Index..
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More on the rise loses traction – UOB
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Prospects for additional earnings USD / JPY seem to be losing some momentum, noted FX strategists at UOB Group. Key quotes 24 hour view: “Our expectation for the USD to ‘trade sideways’ last Friday was incorrect as it fell to 105.22 before closing on a soft note at 105.43 (-0.22%). While the downward momentum is..
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AUD / USD faces next resistance at 0.7960 – UOB
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AUD / USD is expected to advance further and break through the key 0.7900 hurdle in the coming weeks, FX strategists at UOB Group have suggested. Key quotes View 24/7: “Our expectation for the AUD to ‘trade in a range’ last Friday was wrong as it climbed to 0.7877 before expanding its gains after today’s..
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GBP / USD Now Turns To 1.4100 – UOB
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In the opinion of the FX strategists of the UOB group, Cable could now rise to the 1.4100 level in the coming weeks. Key quotes 24 hour view: “We pointed out last Friday that the GBP ‘could move above 1.4000 before we can expect a pullback’. We added, “The next resistance at 1.4050 is unlikely..
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Exchange options expiration for the February 22 reduction in New York
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Learn more at https://www.fxstreet.com. Source link Forex News
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Indian rupee rises to strongest since March 2020, 72.00 in the spotlight
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USD / INR slips below 72.40 to refresh 11-month low. The RSI has a downside spread before it hits the oversold zone, suggesting further weakness. The 10 day SMA, the six week old resistance line keeps rising immediately. The USD / INR takes offers close to 72.37, the lowest since March 2020, during the Indian..
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XAU / USD bulls insist but surging Treasury yields could play booty role
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Gold is struggling to prolong the rally after several-month lows. US Treasury yields soar, raising the US dollar. Attention turns to the testimony of Fed Chairman Powell. Reflation trading emerges as the key theme starting in a new week on Monday, limiting the rally in gold (XAU / USD) from the seven-month lows of $..
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