Fed is expected to stay on hold as the impact of vaccines and fiscal support against pandemic is…
The US Federal Reserve is expected to keep the monetary policy unchanged in crisis-fighting mode in its first policy meeting this year.
The economy is still struggling through the shock of a pandemic as ragging new wave of Covid-19 virus…
Read More...
Read More...
Rising risk of ECB further rate cut deflates euro ahead of Fed
The Euro fell to a session low, accelerating lower some 3 pips in European trading on Wednesday, deflated by a comment from ECB’s governing council member Klaas Knot who said that the central bank has room to cut its deposit rate further if…
Read More...
Read More...
Expected dovish stance from Fed could lift cable for clear break of 1.37 zone
Cable rose to new 32-month high in early Wednesday’s trading, extending Tuesday’s 0.5% advance on revived risk mode.
Fresh strength broke above last week’s new high at 1.3745 and eyes targets at 1.3772 (May 2018 high) and 1.3800…
Read More...
Read More...
The Euro bounces on fresh risk mode, underpinned by thick daily cloud
The Euro rebounds in Tuesday’s afternoon trading after sharp fall in Europe, as fresh risk mode prompted traders to collect profits from safe havens, bought earlier today.
Dips also faced strong headwinds on approach to top of thick rising…
Read More...
Read More...
Bullish bias to remain intact above 10DMA
Cable bounced from one-week low (1.3609) posted in early European session on Tuesday, lifted by fresh optimism among investors
The action in past two days closed repeatedly in red but managed to stay above 10DMA (1.3651) with today’s dip…
Read More...
Read More...
UK unemployment rose to five-year high on second Covid-19 lockdown
Unemployment in Great Britain rose to its highest in five years in three months to November, lifted by the second wave of coronavirus that caused partial lockdown.
The jobless rate rose to 5% from 4.9% in the previous three-month period,…
Read More...
Read More...
US refiners set for the worst earnings quarter in 2020
US refiners are set for the worst earnings quarter of the pandemic due to rising crude prices and weak demand on renewed travel restrictions.
Resurgence of coronavirus cases worldwide resulted in uneven demand with consumption of liquid…
Read More...
Read More...
German business morale falls to seven-month low in January as new lockdown halts economic activity
German business morale fell in January, hitting the lowest since June 2020, as tight lockdowns on the second wave of coronavirus temporarily ended economic recovery in Europe’s largest economy.
The data from Ifo institute show that…
Read More...
Read More...
Euro dips on weak German data, risk of recovery stall increases
The Euro fell to session low after downbeat German business climate data and probes below Friday’s low (1.2151).
Fresh weakness returns below broken Fibo barrier at 1.2166 (38.2% of 1.2349/1.2053), generating initial signal of recovery…
Read More...
Read More...
Falling and thickening daily cloud continues to weigh
The pair is in defensive in early Monday’s trading despite strong bullish close on Friday and rising positive momentum on daily chart.
Recovery from new multi-month low 102.59 (Jan 6) was capped by daily cloud base, as descending cloud is…
Read More...
Read More...