Oil price surges on OPEC output talks optimism and geopolitical tensions
WTI oil price surged on Tuesday, making daily gains of 4.6% so far and on track for the biggest one-day rally since Nov 9.
Reduced risk sentiment deflated oil price on the first trading day in 2021, but bulls quickly regained traction,…
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Dollar is expected to remain in red regardless to the outcome of Georgia Senate run-off
The dollar returned to red on Tuesday after Monday’s long-legged Doji and pressuring new multi-month low at 102.71.
Broad dollar’s negative sentiment keeps in play risk for further weakness as bears gained fresh signal on December’s break…
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New national lockdown and fears of sub-zero rates could sideline larger bulls
Cable is consolidating after Monday’s 0.62% drop, as bulls were deflated after cracking 1.37 barrier and hitting new 2 ½ year high.
Despite bullish expectations, investors were cautious at the start of the year, considering risk of…
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German retail sales unexpectedly rose in November
German retail sales rose 1.9% in November against expectations of 2% contraction, with strong growth in online sales and spending on home improvements, being the main contributors.
November’s data also relate to a period when Germany was…
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Dollar hits new multi-year low, set for deeper fall in early 2021
The dollar hit new three-year low against the basket of major currencies on Monday, starting trading in 2021 in red, after registering drop of nearly 6.5% in the year 2020.
Covid-19 pandemic that devastated the US economy and ultra-low…
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Eventual break of 1.23 barrier would expose targets at 1.25 zone
The Euro is probing again through 1.23 barrier on Monday after cracking the level twice last week, but without clear break.
Bulls regained traction at the first trading day of 2021, as the pair opened with a gap higher and rallied,…
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UK manufacturing sector rose to its highest level in three years in December
The UK manufacturing Purchasing Managers’ Index, a closely watched gauge of growth in manufacturing activity, rose to 57.5 in December, hitting the highest level in three years, on jump from 55.6 in November and beating 57.3 forecast.…
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Investors expect stocks to advance further in 2021
US stock markets ended 2020 in positive mode, following the longest bull market in the history and the shortest bear market on record, with investors seeing stocks in early stages of multi-year bull run expecting further rise in 2021.…
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Bulls face strong headwinds from key Fibo barrier
Cable regained traction after 0.7% drop on Monday and jumped above 1.35 handle in early Tuesday’s trading.
Weaker dollar and fresh rise of FTSE100 index lift pound, as final UK/EU trade deal keeps positive sentiment, although the agreement…
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Britain’s businesses start to prepare for end of Brexit transition period
After the UK and EU finally clinched a trade deal, preserving zero-tariffs and zero-quota access to the single market of 450 million consumers, Britain urged businesses to prepare for Brexit as transition period, designed to smooth UK’s…
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