WTI oil rises above $60 for the first time since Dec 2019
WTI oil broke above psychological $ 60 barrier on Monday, hitting levels last traded in December 2019.
Recent tightening supplies by OPEC group and its allies, boosted expectations of full revival of global oil demand and rebalancing…
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Bulls head towards 1.40 barrier, boosted by UK vaccination news
Cable rose further on Monday, probing above 1.39 mark and hitting new highest since April 2018.
Strong bullish sentiment was boosted by the news that UK target of 15 million vaccinated that improves the outlook for recovery of British…
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UK economy contracts by record 9.9% in 2020
Britain’s economy, devastated by coronavirus pandemic, contracted by a record 9.9% in 2020 that marks the biggest fall in output in modern official records after the World War Two, while historical data suggest it was the biggest drop since…
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Silver is expected to shine in 2021 as demand rises to eight-year high
The Silver Institute, a global organization that draws its membership from across the silver industry, said it expects global demand for silver to rise to 1.025 billion ounces in 2021, its highest in eight years.
Increased purchases from…
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Bulls pause under new 34-mth high; psychological 1.40 barrier in focus
Cable is consolidating under new 34-month high (1.3866) posted on Wednesday after soft US CPI data deflated dollar and boost riskier pound.
Fresh bulls that emerged from Feb 2 strong downside rejection and bear-trap formation, remain in…
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Holiday-thinned market and mixed signals keep the euro in extended narrow range trading
The Euro remains constructive in early Thursday’s trading after previous day’s action ended in Doji candle with long upper shadow, which signals indecision and that the rally of past three days might be running out of steam.
Lower volumes…
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US job openings modestly rise in December
The job openings in the United States increased modestly in December, signaling that raging coronavirus pandemic caused companies cutting back on hiring, but offering cautious optimism that job growth could regain speed, as vaccination…
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Bulls are taking a breather under two-week high
The Australian dollar eases from two-week high (0.7753) in European trading on Wednesday, taking a breather after three-day rally (up 1.83%).
Fresh bulls are expected to position for fresh push higher as recent advance already retraced…
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Bears are consolidating above psychological 7.00 support
The USDTRY holds in sideways mode above psychological 7.00 support for the third day, following 3.5% drop last week.
Larger bears face headwinds as corporate buyers are seen at 7.00 zone, also reinforced by the top of rising thick daily…
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Dollar slides to two-week low on improved risk sentiment
The US dollar extends weakness against the basket of its major counterparts into fourth consecutive day, dragged down by improving risk sentiment on growing optimism over monetary and fiscal support, robust corporate earnings and expected…
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