Bitcoin Consolidates as Traders Eye 10k Level
Bitcoin sold off sharply on Thursday, testing the key 10,000 level as the US stock market experienced a major rout the same day.
AUD/USD Rallies to 20-Month Highs
The Australian dollar climbed to its highest levels against the greenback since December of 2018 in early trading on Friday. The Aussie has been lifted by recent positive Sino-U.S. trade developments and better than expected economic data.
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Gold Consolidates as Risk Appetite Picks Up
Gold started the week on the defensive after being unable to hold above the key $2,000 level late last week. Meanwhile, the US dollar has stabilized, finding its feet after falling to its lowest levels in over two years last Tuesday.
EUR/USD Slips After PMI Miss
EUR/USD traded sharply lower in early trading on Friday, after eurozone PMI surveys came in weaker than expected.
GBP/USD Reaches 8-Month Highs Amid Dollar Weakness, Brexit Deal Hopes
GBP/USD inched higher in early trading on Wednesday, reaching its highest levels since December 31st. The recent surge has been largely attributed to a soft US dollar and rising expectations that a Brexit trade deal will be reached by October.
Sterling Lifted By Brexit Deal Hopes, Easing Lockdown Restrictions
The British Pound remained on the front foot in early trading on Friday amid rising optimism over a Brexit deal and easing lockdown rules in the UK. Sterling remains near a 5-month high and is currently holding above the key psychological level of 1.30.
Rollercoaster in Gold Continues Amid Rising Treasury Yields, Stronger Dollar
Gold extended its losses in early trading on Wednesday, before rebounding sharply. The yellow metal fell by over 5% on Tuesday, marking its worst day in 7 years.
Dollar Underpinned By Upbeat Economic Data
The greenback remained on the front foot in early trading on Monday, after Friday’s better than expected US employment report.