Cable falls to six-week low, deflated by fading risk sentiment on negative COVID news
Cable accelerated lower after brief rise on better than expected UK labor data, as negative COVID news from Europe and warning that Europe’s third wave of coronavirus could hit Britain soured the sentiment.
Fresh weakness broke pivotal…
Read More...
Read More...
UK jobless rate unexpectedly fell in January
Unemployment rate in Britain unexpectedly fell to 5.0% in the three months to January, easing from 5.1% in the previous period and falling below forecasts for 5.2% rise.
The data based on tax records showed an increase in the number of…
Read More...
Read More...
Euro eases as extended German lockdown and geopolitical tensions soured the sentiment
The Euro dipped in early European trading on Tuesday, as extended lockdowns in Germany until April 18 and rising political tensions between the US and Europe from one side and China and Russia from the other side, soured sentiment and…
Read More...
Read More...
Gold loses traction as traders move into safety of dollar
Spot gold price fell on Monday as investors moved into safety of the US dollar, as markets were hit by fresh wave of uncertainty on Turkey’s abrupt decision to replace its central bank governor with a critic of high interest rates.
Current…
Read More...
Read More...
Bulls consolidate under key barriers at 92.51/63
The dollar eased after overnight’s spike above 92.00 mark and retest of Friday’s high, but keeping firm tone against the basket of currencies.
Bulls are consolidating under pivotal barriers at 92.51/63 (new 2021 high, the highest in four…
Read More...
Read More...
Euro remains biased lower but bears lack strength for final break of the range floor
The Euro bounced above 1.19 handle in European session on Monday, following gap-lower opening and retest of Friday’s low (1.1874), as strong fall of Turkish lira following surprise replacement of the central bank governor over the weekend,…
Read More...
Read More...
Turkish lira collapses following shocking replacement of CBRT’s governor
Turkish lira was the top loser of the Asian session on Monday, opening with a huge gap lower vs the dollar and losing over 13% during the session.
Lira fell to the lowest in over 4 months (8.5015) after closing at 7.2087 last Friday,…
Read More...
Read More...
Oil may fall further on weakened sentiment and formation of reversal pattern on weekly chart
WTI oil trades within a choppy consolidation on Friday but remains biased lower following a massive losses on Thursday, when the price fell by 7.6%, making the biggest one day drop since 21 Apr 2020.
A new wave of coronavirus across…
Read More...
Read More...
Dollar firms as upbeat growth expectation improve the sentiment despite Fed’s dovish stance
The dollar kept firm tone against the basket of major currencies on Friday, following previous day’s rebound that almost fully reversed Wednesday’s post-Fed fall.
Investors digested Fed’s dovish stance on decision to keep ultra-low rates…
Read More...
Read More...
Aussie recovers after downbeat data but near-term action remains directionless
AUDUSD
The Australian dollar edged higher in early European trading on Friday, recovering overnight losses after much worse than expected Australia’s retail sales (-1.1% from 0.3% previous and 0.4% forecast).
Bounce from Asian low…
Read More...
Read More...