Extended and tighter measures hurt EU’s economic activity in January
Eurozone’s economic activity decelerated significantly in January, with union’s dominant services sector being hit the most by strict lockdowns, imposed to contain raging coronavirus pandemic.
EU services PMI dropped to 45.0 in January…
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Sterling is at a crossroads as weak data hurt bulls
Cable pulled back from new high in early European trading on Friday, pressured by weaker than expected UK data which showed weak recovery in retail sales in December after November’s plunge on lockdowns and downbeat PMI’s, as services…
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UK retail sales recovery failed to accelerate in December as expected
Britain’s retail sales rose 0.3% in December, bouncing from November’s downward revised -4.1% drop, but at far lower pace than expected as last month’s figure came well below 1.2% forecast.
The data signal that British retailers…
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The ECB keeps the policy unchanged but warns about further negative impact from surge in Covid-19…
The European Central Bank stayed on hold on the first policy meeting in 2021, as widely expected, and warned that new surge in coronavirus infections poses high risks to the eurozone’s recovery.
The ECB’s benchmark deposit rate remained…
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US weekly jobless claims drop moderately but data warn that recovery in the labor market has stalled
The initial claims for the US state unemployment benefits decreased modestly last week, totaling at 900,000, compared to 926,000 previous week and forecast for 910,000 applications, but raging coronavirus pandemic keeps increased risk of a…
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Risk sentiment lifts DAX for renewed probe through 14000 barrier
Dax index extends gains on Thursday as hopes of a large stimulus plan under new President boost risk sentiment, but traders focus the European Central Bank’s meeting today for more information about the eurozone’s economic health.
Fresh…
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Lira may rise through key barriers if CBRT stays on hold today
The USDTRY stands at the back foot for the third straight day but remains within three-week range between rising 200DMA (7.3534) and recovery top at 7.5384.
Lira holding in a larger uptrend vs dollar, which extends into third straight…
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Recovery was so far limited, unchanged ECB to further weigh on risk rally
The Euro remains constructive after recovery attempts ran out of steam under key Fibo barrier at 1.2166, resulting in bearish daily close on Wednesday.
Strong reversal signals on bear-trap and hammer candle on Monday continue to underpin…
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Cable probes through 1.3700 zone for the fourth time
Cable is probing through 1.37 barrier for the fourth time in early Thursday’s trading, after spike to new multi-month high at 1.3717 on Wednesday.
Better than expected UK inflation data continue influence pound, along with rising optimism…
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What will be Biden’s first steps in the White House and what he will inherit from Trump
Republican President Donald Trump has left the White House for the last time, just hours before the inauguration of his successor Joe Biden, who is going to take the control of a country troubled by deep political divides and hit by ragging…
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