Larger bulls are taking a breather
The Euro is down around 100 pips in European trading on Thursday after bulls stalled on approach to Wednesday’s new multi-month high at 1.2349.
The US Senate certified Biden’s victory, with Democrats winning control of the US Senate and…
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US Congress certifies Biden’s election victory
The US Congress formally certified Democrat Joe Biden’s election victory in early Thursday, just hours after a hundreds of protesters, supporters of President Donald Trump, stormed the US Capitol.
Immediately after the certification, the…
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US Congress back to work after protesters stormed the Capitol
The US Congress resumed its work hours after hundreds of President Donald Trump’s supporters stormed the US Capitol in a stunning bid to overturn his election defeat.
In the severest assault on the symbol of American democracy, rioters…
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Employment in US private sector declines in December for the first time since April
The employment in US private sector unexpectedly dropped in December as surging new Covid-19 infections sparked a fresh wave business restrictions that negatively impacted hiring in the sector.
ADP National Report showed that private…
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Mild recovery in December and new lockdown warn that Britain’s economy heads towards recession
Britain’s economy made a mild recovery in December after shrinking during a four-week England-wide lockdown in November.
The composite Purchasing Manager’s Index (PMI), which measures the activity in manufacturing and services sectors,…
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Swiss Franc hits the highest since Jan 2015 vs US dollar
The pair extends weakness on Wednesday and dips to the lowest since January 2015, when the Swiss National Bank freed the franc to rise, as news that Democrats move closer to Senate control, added pressure on the US dollar.
Strong franc’s…
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Democrats win one Georgia runoff and get closer to US Senate control
Democratic challenger Raphael Warnock is the first winner of US Senate race in Georgia, but it is still unknown which party will control the chamber as the second contest is still undecided.
Warnock defeated Republican incumbent Kelly…
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Euro rises to new 32-month high, eyes key barriers at 1.25 zone
The Euro rose to new 32-month high (1.2334) in early European trading on Wednesday, lifted by fresh wave of risk appetite as early reports show Democrats leading in Georgia Senate races, although the final outcome may take days.
Break of…
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Oil price surges on OPEC output talks optimism and geopolitical tensions
WTI oil price surged on Tuesday, making daily gains of 4.6% so far and on track for the biggest one-day rally since Nov 9.
Reduced risk sentiment deflated oil price on the first trading day in 2021, but bulls quickly regained traction,…
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Dollar is expected to remain in red regardless to the outcome of Georgia Senate run-off
The dollar returned to red on Tuesday after Monday’s long-legged Doji and pressuring new multi-month low at 102.71.
Broad dollar’s negative sentiment keeps in play risk for further weakness as bears gained fresh signal on December’s break…
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