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7 Sep 2020

News of UK’s planned legislation has irritated those in EU circles – BBC reporter

With the plethora of Brexit negative signals from the UK, as conveyed by the Financial Times and the Sunday Times, markets awaited the European Union’s (EU) reaction to the UK PM Boris Johnson’s comments increasing the odds of a no-deal Brexit. In an attempt to entertain the readers, BBC’s Katya Adler came out with the tweets while relying on her sources.

Key tweets

FX implications

Considering the mixed response of the bloc leaders, as per the tweets, GBP/USD recovers from the intraday low of 1.3239 to 1.3255 by the press time.

Sep 7, 2020

RBA will expand QE, might cut, economists say – Bloomberg

Early Monday morning in Asia, Bloomberg came out with the forecasts suggesting RBA’s dovish performance, depending upon a survey of 11 economists, whi
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Sep 7, 2020

USD/CAD Price Analysis: 1.3105 guards immediate upside

USD/CAD rises to 1.3075 during the pre-Tokyo open trading on Monday. In doing so, the loonie pair extends its pullback moves from 1.3044 while trying
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