Bears crack key support zone and risk deeper fall
Bears probe through psychological 1.20 support in early European trading on Wednesday and risk deeper fall.
Bull-trap above 1.2102 Fibo barrier and last Friday’s massive bearish candle weigh on Euro as bears pressure next key supports at…
Read More...
Read More...
Negative fundamentals keep Turkish lira on course for further fall
The Turkish lira maintains overall weak tone and holding within multi-week consolidation, not far from new all-time low, posted in November last year.
Rising inflation and central bank’s inability to adopt conventional measures to tackle…
Read More...
Read More...
Britain’s manufacturing activity expanded at fastest rate in nearly 27 years in April
Britain’s Purchasing Managers’ Index for manufacturing activity jumped to 60.9 in April from 58.9 in March, slightly beating 60.7 expectation and hitting the highest level since July 1994.
The data show that manufacturing activity…
Read More...
Read More...
Australia’s central bank keeps its ultra-low rates, upgrades forecasts for economic growth and…
The Reserve Bank of Australia left its key interest rates at all-time low 0.1% for a fifth straight policy meeting and signaled that may keep its ultra-loose policy for extended period even as the economy recovers from pandemic crisis.…
Read More...
Read More...
Euro slips on fresh dollar’s strength and risks violation of psychological 1.20 level, daily…
The Euro lost ground and fell in early Tuesday’s trading as dollar regained traction in holiday-thinned Asian session.
Traders focus on key US economic data this week for more hints about US monetary policy as accelerating economy may set…
Read More...
Read More...
Renewed optimism over global demand recovery lifts oil price towards multi-week highs
WTI oil rose on Monday, retracing the largest part of Friday’s fall and shifting near-term focus higher again, after bulls were impacted by rising demand fears over surge in India’s coronavirus cases and higher oil supply.
Fresh optimism…
Read More...
Read More...
The dollar eases after recovery ran out of steam; key economic events in focus this week
The dollar made a soft start of the week and puled back from one-week high, posted after last Friday’s 0.76% advance.
Profit-taking and lowered volumes due to holidays in China, Japan and Britain, pushed the greenback lower on Monday.…
Read More...
Read More...
Cable regained traction after Friday’s nearly 1% fall; BoE eyed for fresh signals
Cable bounces from two-week low (1.3800) posted after last Friday’s strong bearish acceleration that resulted in daily drop of daily drop of 0.94% (the biggest one-day loss in 2021).
Fresh strength in holiday-thinned market is partially…
Read More...
Read More...
Turkish inflation hits two-year high above 17% in April
Turkish inflation rose to its highest level in nearly two years in April, driven by a weakening lira and high prices of imported commodities.
Annual consumer prices rose to 17.14% in April from 16.19% in March, slightly missing the…
Read More...
Read More...
German retail sales rose sharply as lockdown measures ease, the activity in manufacturing sector…
German retail sales rose 11% in March compared to the same period last year, following 6.6% drop in February and strongly overshot forecast for 0.3% decline.
The biggest increase since the start of coronavirus pandemic comes after…
Read More...
Read More...