FXTM information and reviews
OctaFX information and reviews
XM information and reviews
FXCC information and reviews
FxPro information and reviews
HFM information and reviews

Greenback lower risk appetite flares

27 May 2020

The U.S. Index, which measures the dollar strength against a basket of six currencies was lower on Tuesday’s session. The index ended the session at 98.99 on growing optimism about a global recovery from the COVID-19 pandemic on news of a potential vaccine that helped investors dump safe-haven assets.

Regarding U.S Sino news, the U.S. President Donald Trump’s economic adviser said China’s plan for national security legislation on Hong Kong was “a big mistake” and pledged Washington would pay expenses of U.S. companies that wanted to move out of the territory or China.

In economic news, the Conference Board Consumer Confidence index which measures the level of consumer confidence in economic activity came at 86.6 lower than expectations of 88.0.

Moreover, the New Home Sales for April which measures the annualized number of new single-family homes that were sold during the previous month came at 623,000 besting expectations of 490,000.

Over in Europe, the Common currency traded higher on Tuesday’s session to settle at 1.0981 EURUSD

The euro was higher on positive economic data from Germany as the German Ifo Business Climate Index which measures expectations for the next six months came at 79.5 higher than expectations of 78.3 the Ifo institute said German exporters recovered somewhat in May from a "catastrophic" April. moreover, Germany’s GDP for the first quarter of 2020 came in line with expectations dropping by 2.2 percent.

The Great British Pound was higher versus its counterpart, the U.S. Dollar, to settle at 1.2336 GBPUSD helped by a weak dollar.

Despite its large gains, Brexit talks have yielded insignificance progress so far. the final round of negotiations is set for next week before a conference in June to assess progress before the year-end.

Regarding Safe-Haven assets, the Greenback fell against the Japanese Yen, to end the session at 107.54 USDJPY. moreover, the Greenback was lower versus the Swiss franc to trade at 0.9653 USDCHF.

The Precious Metal Gold was lower versus the U.S dollar, finishing the session at 1710 per ounce pressured by the risk appetite that flared across markets from the reopening of the U.S. economy from coronavirus-imposed lockdowns.

Elsewhere in Canada, the Loonie dollar edged higher versus the Dollar, finishing the session at 1.3771 USDCAD.

In Asia, the Aussie Dollar finished the session higher at 0.6654 AUDUSD. Moreover, The Kiwi Dollar rose on Tuesday’s trading session, to finish at 0.6199 NZDUSD.

Cryptocurrencies ended the session lower, with Bitcoin finishing lower to settle at 8841 BTCUSD while Ethidium Finished at 199.7 ETHUSD.




The Downfall of Euro in 2022: the Analysis of its Reasons, the Current Situation, and the Objective Forecast
The Downfall of Euro in 2022: the Analysis of its Reasons, the Current Situation, and the Objective Forecast

Before getting down to analyzing why Euro reminds of a mafia victim in cement shoes falling off a Chicago bridge, allow us to open it up with a meme joke that best describes this whole ordeal...

5 Oct 2022

Positive mood stalls on the “pivot” trade
Positive mood stalls on the “pivot” trade

USD slid against most of its major peers. The DXY closed a tick above its lows of 110.05. Resistance is at 110.76 while next support is 109.29. GBP gained for a sixth session in a row, a winning streak not seen since April 2021...

5 Oct 2022

OctaFX glances at current economic shifts - the good, the bad, and the strange
OctaFX glances at current economic shifts - the good, the bad, and the strange

Pandemics and health crises, political tensions, geopolitical tension flashpoints popping up, Western sanctions on significant European and Asian economies, and grave tensions between...

3 Oct 2022

The Euro rebounded from the low
The Euro rebounded from the low

After updating its multi-year lows again, the major currency pair rebounded. The current quote for the instrument is 0.9656. Last night, the local interest in risks improved a bit, helping the asset to successfully correct...

29 Sep 2022

Gold Shows Signs of Life, But Heads Towards Another Losing Month
Gold Shows Signs of Life, But Heads Towards Another Losing Month

The precious metal is largely considered as a hedge to inflation, but it has not confirmed this status during the current year. It did kick it off with a rally, but as the Fed begun hiking rates back...

28 Sep 2022

Forex and Cryptocurrencies Forecast for September 26-30, 2022
Forex and Cryptocurrencies Forecast for September 26-30, 2022

Last week, all the attention of the markets was focused on the FOMC meeting of the US Federal Reserve, which took place on September 21. The probability of another rate hike by 75 basis points (bp)...

26 Sep 2022

Editors' Picks

IronFX information and reviews
FXCM information and reviews
NordFX information and reviews
MultiBank Group information and reviews
MultiBank Group
Vantage information and reviews
FP Markets information and reviews
FP Markets

© 2006-2022 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.