WTI extends gains, lifted by production cut, risk appetite
WTI oil rose to new 11-month high on Friday and on track for significant weekly gain and first weekly close above $50 level since mid-Feb 2020.
Positive sentiment was boosted by Saudi Arabia’s decision to make voluntary cuts to its…
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German industrial output and exports accelerated in November
German manufacturing production and exports rose more than expected in November, marking the seventh straight month of rise, and signaling that the sector gained momentum in the fourth quarter.
Industrial output was up by 0.9% in…
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Larger bulls are taking a breather
The Euro is down around 100 pips in European trading on Thursday after bulls stalled on approach to Wednesday’s new multi-month high at 1.2349.
The US Senate certified Biden’s victory, with Democrats winning control of the US Senate and…
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US Congress certifies Biden’s election victory
The US Congress formally certified Democrat Joe Biden’s election victory in early Thursday, just hours after a hundreds of protesters, supporters of President Donald Trump, stormed the US Capitol.
Immediately after the certification, the…
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US Congress back to work after protesters stormed the Capitol
The US Congress resumed its work hours after hundreds of President Donald Trump’s supporters stormed the US Capitol in a stunning bid to overturn his election defeat.
In the severest assault on the symbol of American democracy, rioters…
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Employment in US private sector declines in December for the first time since April
The employment in US private sector unexpectedly dropped in December as surging new Covid-19 infections sparked a fresh wave business restrictions that negatively impacted hiring in the sector.
ADP National Report showed that private…
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Mild recovery in December and new lockdown warn that Britain’s economy heads towards recession
Britain’s economy made a mild recovery in December after shrinking during a four-week England-wide lockdown in November.
The composite Purchasing Manager’s Index (PMI), which measures the activity in manufacturing and services sectors,…
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Swiss Franc hits the highest since Jan 2015 vs US dollar
The pair extends weakness on Wednesday and dips to the lowest since January 2015, when the Swiss National Bank freed the franc to rise, as news that Democrats move closer to Senate control, added pressure on the US dollar.
Strong franc’s…
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Democrats win one Georgia runoff and get closer to US Senate control
Democratic challenger Raphael Warnock is the first winner of US Senate race in Georgia, but it is still unknown which party will control the chamber as the second contest is still undecided.
Warnock defeated Republican incumbent Kelly…
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Euro rises to new 32-month high, eyes key barriers at 1.25 zone
The Euro rose to new 32-month high (1.2334) in early European trading on Wednesday, lifted by fresh wave of risk appetite as early reports show Democrats leading in Georgia Senate races, although the final outcome may take days.
Break of…
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