Bulls may take a breather under 107 zone before resuming
The pair maintains firm bullish tone for the sixth straight day and hit new multi-month high in early Tuesday’s trading, driven by rising demand for the US dollar.
Bulls pressure resistances at 107 zone, consisting of mid-Aug high…
Read More...
Read More...
German retail sales plunged in January on extended lockdown
German retail sales fell 4.5% in January following an upwardly revised drop of 9.1% in December, falling well below forecasted decline of 0.3%.
January’s weak data came as a result of closure of a number of retail stores on Covid-19…
Read More...
Read More...
Repeated close below 1.40 to keep fresh bears in play
Cable stands at the back foot on Monday and remains below 1.40 mark after losing around 1.5% in past two days.
Increased demand for dollar pushed sterling lower after bulls hit the highest level in almost three years (1.4238)…
Read More...
Read More...
German Manufacturing activity accelerates further, fueled by rising demand
German factory activity growth accelerated in February and hit the highest level in more than three years, driven by rising demand from China and the United States.
Manufacturing Purchasing Managers’ Index rose to 60.7 in February from…
Read More...
Read More...
Euro extends weakness after strong fall on Friday
The Euro remains firmly in red and extends weakness on Monday, despite solid German / EU PMI data, weighed by Friday’s massive bearish daily candle (the pair was down 0.84%, making the biggest one-day fall since 19 Mar 2020).
Fresh bears…
Read More...
Read More...
Where is dollar going?
The US dollar made a good start in 2021 after sharp fall in 2020, but January’s bounce, driven by profit-taking and optimism of faster economic recovery, was short-lived.
The Dollar Index - which measures the performance of the dollar…
Read More...
Read More...
UK unemployment rises to five-year high, government signals more support
Britain’s unemployment ticked to 5.1% in the last three months of 2020, from 5.0% in the previous period and hit the highest in almost five years, as the jobless rate was last time at this level in the first three months of 2016.…
Read More...
Read More...
Bulls look for firm break of psychological 1.40 barrier
Cable returns above 1.40 mark and hits new 34-month high at 1.4052 after brief dip to 1.3980 in early European trading on Monday.
Bulls attempt to sustain break above psychological 1.40 barrier after registering a marginal close above last…
Read More...
Read More...
German business morale rises well above expectations in February
German business morale rose to the highest in four months in February, as the industrial sector continued to recover, offsetting negative impact from lockdown and powering the Europe’s largest economy.
The Ifo Institute business climate…
Read More...
Read More...
US jobless claims unexpectedly rise, warning of slowdown in labor sector recovery
US weekly jobless claims unexpectedly rose by 13,000 to 861,000 from 848,000 previous week and jumped well above 765,000 forecast, signaling increased risk of a second straight month of slowdown in job growth, despite encouraging signs from…
Read More...
Read More...