Cable extends advance and pressures 2020 peak, boosted by Brexit optimism
Cable rose above 1.35 barrier and hit new two-week high on Wednesday, in extension of Tuesday’s 1.04% rally, inflated by hopes for Brexit trade deal after the EU chief executive said there have been a progress in trade talks and next few…
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German Manufacturing and services sectors remain on solid footing in December
Better than expected PMI data showed that Germany’s private sector remains in an upward trajectory, as activity in manufacturing sector accelerated and services partly recovered in December.
German Manufacturing PMI rose to 58.6 in…
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UK inflation slowed significantly in November
Inflation in Britain rose 0.3% in November, following 0.7% rise in October and fell below 0.6% consensus, slowing much more than expected and keeping inflation close to multi-year low at 0.2%, hit in August.
Big discounts on Black Friday…
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Bulls remain in play for another attempt at 1.22 but vulnerable ahead of Brexit finale
The Euro edges higher in early European trading on Wednesday and pressures new 2 ½ high (1.2177), following multiple failure at this level.
Larger bulls look for eventual break of 1.22 barrier to signal continuation of rally from March and…
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New lockdowns further hurt UK labor sector
Britain’s jobs data for October showed further weakening in the labor sector, hurt by lockdowns on the new wave of Covid-19 cases, with growing risk of a shock from the end of post-Brexit transition period on December 31, as trade…
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China’s factory output accelerated further in November, adding to signals of strong economic…
China’s industrial production growth rose to 7.0% in November, in line with expectations but faster than October’s 6.9% expansion.
Easing of Covid-19 restrictions revived consumer spending and boosted demand for manufacturing goods that…
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The EU and UK see chance to reach a trade pact and agreed to continue talks
The EU and UK, despite missing several deadlines, agreed to give talks another chance and try to break the deadlock on stalled talks over state aid provisions, fisheries and corporate fair play rules and avert turbulent split on no-deal…
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Vaccine optimism continues to support oil prices, but widening lockdowns weigh
WTI oil edged higher in early Monday, as rollout of Covid-19 vaccine boosts expectations for rise in global demand, while a tanker explosion in Saudi Arabia additionally lifted the price.
On the other side, widening lockdown in Germany…
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Renewed Brexit optimism lifts cable above 1.3400
Cable retested 1.3400 barrier, following a hundred-pips gap-higher on opening on Monday, lifted by fresh Brexit optimism.
Chief EU negotiator said that the deal is still possible after two sides agreed on Sunday to extend talks and try to…
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Bulls remain underpinned by rising 10 DMA, eye 1.22 barrier
The Euro opened with gap higher on Monday signaling that bulls remain in play after Friday’s / weekly close in red.
Risk sentiment on vaccine hopes keeps the euro inflated for renewed attempt at psychological 1.22 barrier.
Near-term…
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