German business morale rises strongly on easing coronavirus crisis
The German Ifo Institute’s business climate index climbed to 98.9 in February, the highest since August last year, rising from January’s upwardly revised 96.0 and strongly beating forecast at 96.5.
Significant improvement in business…
Read More...
Read More...
EU economic activity accelerated above expectations in February
The Eurozone’s Composite Purchasing Managers Index which tracks the performance of both, manufacturing and services sectors and is seen as guide to overall economic health, rose to the highest in five months at 55.8 in February from 52.3 in…
Read More...
Read More...
Cable regains traction on optimistic news
Bulls tighten grip on Monday, driven by news of possible Biden-Putin meeting over Ukraine that revived risk appetite at the beginning of the week.
Fresh strength pressures tops of past two days (1.3638/42) which lay just ahead of pivotal…
Read More...
Read More...
Reversal pattern is forming on weekly chart and oil prices can fall more on easing geopolitical…
WTI oil extends pullback from new 7-year high and holding comfortably below psychological $90 level, on track for the first bearish weekly close (down over 6% for the week) after rallying for eight consecutive weeks.
From the fundamental…
Read More...
Read More...
Aussie rises to one-week high on positive fundamentals
The Australian dollar remains bid and on track for the third straight weekly gains, underpinned by Australia’s reopening after long period of restrictive measures as the number of Covid cases dropped significantly.
News that US and…
Read More...
Read More...
Near-term action remains negatively aligned below falling 10DMA
The Euro is trading in a choppy sideways mode in European session on Friday, with near-term action being weighed down by south-heading 10DMA which capped upticks in past two days and fading bullish momentum on daily chart.
Fresh…
Read More...
Read More...
Cable establishes above 1.36 pivot, additionally supported by upbeat UK retail sales
Cable maintains firm tone and stays above broken 1.3600 barrier in early Friday, extending advance into fourth straight day and on track for the third consecutive bullish weekly close.
Pound remains underpinned by expectations of BoE rate…
Read More...
Read More...
Gold price surges on renewed geopolitical tensions
Spot gold advanced 1.4% on Thursday and hit new 8-month high, as renewed tensions over Ukraine and less hawkish than expected Fed minutes, boosted demand for safe-haven metal.
Fresh acceleration came ticks ahead of psychological $1900…
Read More...
Read More...
US jobless claims unexpectedly increased in January
The US weekly jobless claims unexpectedly rose last week, increasing 23,000 to 248,000, beating forecast for 219,000 increase and remaining above previous week’s figure, upwardly revised to 225,000.
Although the number of Americans…
Read More...
Read More...
The dollar remains at the back foot after less hawkish than expected Fed minutes
The dollar was deflated in European trading on Thursday and entered the US session in red after traders digested Fed’s minutes of January policy meeting and judged that the central bank’s outlook was less hawkish than expected.
Although…
Read More...
Read More...