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14 Jul 2020

AUD bullish: China's iron ore imports hit 33-month high in June

Iron ore is one of Australia's top exports.

China's iron ore imports jumped 16.8% in June from a month earlier, data released early Tuesday showed. That is the biggest percentage rise since October 2017. In addition, the figure was 35.3% higher from June 2019, according to Reuters.

The surge in iron ore imports has been fueled by rising shipments from miners and robust demand in China and is a bullish piece of news for the Aussie dollar. The currency, however, may not receive an immediate boost from the data, as risk sentiment has soured due to the rising number of new coronavirus cases in the US and the Sino-US tensions.

At press time, AUD/USD is trading at 0.6938.

Jul 14, 2020

EUR/JPY Price Analysis: Bulls again step back from 122.00

EUR/JPY declines to 121.48, down 0.20% on a day, during the early Tuesday. In doing so, the pair registers third failure to cross the 122.00 threshold

When are the UK data releases and how could they affect GBP/USD?

The British economic calendar will entertain the global traders amid recently sluggish markets at 06:00 GMT with the GDP figures for May. Also increas