Dollar consolidates above new 2 1/2 year low before bears resume
Bears are taking a breather above new 2 ½ year low on Friday, as traders collected some profits on 1% weekly fall.
The dollar index broke through psychological 90 support, generating bearish signal for extension towards key med-term…
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German Business Climate improves in December – Ifo
German business morale rose in December, following decline in past two months, signaling that European Union’s biggest economy regains traction despite new lockdown, imposed to contain a second wave of Covid-19 infections.
The Ifo…
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BOJ keeps monetary policy steady, looks for more effective ways to achieve inflation target
The Bank of Japan, as widely expected, kept policy steady and extended by six months an array of measures aimed to support companies hit by pandemic, on its December’s policy meeting.
Renewed spike in Covid-19 infections signal that…
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US weekly jobless claims rise further
Initial claims for state unemployment benefits unexpectedly rose to 885K in the week ending Dec 12, from upward revised 862K previous week and strongly beating 800K forecast.
Persistent surge in new coronavirus infections and subsequent…
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The Bank of England stays on hold ahead of Brexit finale
The Bank of England kept its benchmark interest rate at historic 0.1% low and kept unchanged its stimulus program at 895 billion pounds, awaiting more signals from Brexit finale.
Brussels and London are putting their last efforts to…
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Important Fibo barrier at 1.3676 is coming in focus
Cable hits new 2020 highs and pressuring 1.36 barrier, as strong bullish acceleration extends into third straight day, advancing nearly 2% since Tuesday’s opening.
Rising hopes of eventual Brexit trade deal keep pound inflated, along with…
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Bulls establish above 1.22 mark, set for further advance
The Euro continues to trend higher and hit the new highest levels since April 2018 in early European trading on Thursday (1.2243).
Bulls remain underpinned by rising risk appetite and Brexit optimism, with better-than-expected economic…
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Fed pledges to keep ultra-low rates and buy bonds until it sees substantial economic progress
The US Federal Reserve kept its base rate near zero and set standard for bond-buying program in its last policy meeting of the most eventful year 2020, in which the central bank slashed interest rates, increased bond purchases and took…
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US retail sales fall further in November on raging coronavirus and lack of fresh fiscal stimulus
The US retail sales fell for the second straight month and dropped well below expectations in November, with further deceleration being mainly caused by raging new Covid-19 infections that add to growing signs of slowing economic recovery.…
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Bears pressure pivotal 103 support zone
The pair extends steep bearish acceleration from Tuesday and falls to new five-week low on Wednesday, driven by broader dollar’s weakness (dollar index fell to the lowest since Apr 2018).
Bears pressure key short-term support at 103.17 (6…
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