Euro bounces after thick daily cloud repeatedly contained dips
The Euro rose on Friday, lifted by signals that the ECB is unlikely to cut interest rates in pandemic fight, while small growth in Germany and Spain and smaller than expected contraction in French economy in the fourth quarter added to…
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Lira accelerates higher after taking out 200DMA barrier
The Turkish lira regained traction and strengthens further against the US dollar, following break of pivotal 200SMA (7.3643) which held the action in past three weeks.
Lira is also on track for the second straight bullish weekly close and…
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Strong exports helped German economy to stay afloat in the fourth quarter
German economy grew 0.1% in the final quarter of 2020 with robust exports contributing to a minimal growth and preventing further contraction as a second wave of coronavirus hurt the economy.
Renewed lockdown at the end of the year hit…
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USDJPY hits 2 1/2 month high as recovery accelerates through important barriers
The dollar accelerates further up against yen on Friday, extending steep rally into third straight day and taking out some important barriers.
The greenback was boosted by fresh safe-haven demand on persistent fears about a coordinated…
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The US economy contracted at the fastest pace in 74 years in 2020, devastated by Covid-19 pandemic
The US economy slowed significantly in the last quarter of 2020, following strong rebound in Q3, as coronavirus pandemic hurt the labor sector and spending.
Gross Domestic Product grew at 4% in the fourth quarter, mainly in line with…
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Aussie falls to one-month low on risk aversion
The Australian dollar dips to one-month low (0.7592) in European trading on Thursday, being under increased pressure from faded risk mode.
The pair fell 1.3% on Wednesday, with today’s extension lower, completing reversal pattern (bearish…
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DAX dips further on deflated risk sentiment
The index holds firmly in red for the second straight day and extends 2.45% drop of the previous day (the biggest one-day fall since Oct 28).
Concerns of high valuations of stocks and growing worries about a rise in more contagious…
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Bulls crack key barriers and shift near-term bias to the upside
The pair rose further on Thursday, extending Wednesday’s 0.45% rally (the biggest one-day gains since Jan 7).
The dollar benefited from fresh weakness of stocks, pressured by concerns about excessive values of stock markets.
Fresh advance…
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Fed keeps monetary policy on hold to support crisis-fighting mode
The Federal Reserve, as expected, left ultra-low interest rate unchanged and made no changes to the amount of asset purchases, pledging to keep those tools in place until the economy fully rebounds from the recession, caused by pandemic.…
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Slump in crude inventories boosts bulls for another probe through key 200WMA
WTI oil price jumped after data showed unexpected and sharp fall in US crude inventories which plunged 9.9 million barrels, following last week’s build of 4.3 million barrels and expectations for 0.4 million barrels rise.
Today’s report…
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