Silver price surges to the highest since 2013
Spot silver surged over 6% after gap-higher opening on Monday and broke above $30 an ounce for the first time in eight years.
An army of retail traders stormed into silver after ending their mission in individual stocks and lifting the…
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Turkish lira rises to five-month high vs dollar on break of key barriers and upbeat data
The Turkish lira is among top gainers on Monday, advancing 1.6% against the US dollar since opening in Asia and on track for further advance.
Last week’s break of pivotal 200DMA generated positive signal, with fresh acceleration through…
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EU manufacturing sector growth slowed in January but remains strong
Eurozone manufacturing sector’s growth remained resilient at the start of the year despite renewed lockdowns across the continent that hurt activity.
Manufacturing was left to support the economy as fresh restrictive measures hit bloc’s…
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Bulls look for 105+ advance
The pair maintains positive tone on Monday and consolidating under new 2 ½ month high (104.93).
Friday’s rally (up 0.5%, the biggest one-day advance since Jan 7) and close above thick daily cloud generated strong bullish signal, together…
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Euro bounces after thick daily cloud repeatedly contained dips
The Euro rose on Friday, lifted by signals that the ECB is unlikely to cut interest rates in pandemic fight, while small growth in Germany and Spain and smaller than expected contraction in French economy in the fourth quarter added to…
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Lira accelerates higher after taking out 200DMA barrier
The Turkish lira regained traction and strengthens further against the US dollar, following break of pivotal 200SMA (7.3643) which held the action in past three weeks.
Lira is also on track for the second straight bullish weekly close and…
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Strong exports helped German economy to stay afloat in the fourth quarter
German economy grew 0.1% in the final quarter of 2020 with robust exports contributing to a minimal growth and preventing further contraction as a second wave of coronavirus hurt the economy.
Renewed lockdown at the end of the year hit…
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USDJPY hits 2 1/2 month high as recovery accelerates through important barriers
The dollar accelerates further up against yen on Friday, extending steep rally into third straight day and taking out some important barriers.
The greenback was boosted by fresh safe-haven demand on persistent fears about a coordinated…
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The US economy contracted at the fastest pace in 74 years in 2020, devastated by Covid-19 pandemic
The US economy slowed significantly in the last quarter of 2020, following strong rebound in Q3, as coronavirus pandemic hurt the labor sector and spending.
Gross Domestic Product grew at 4% in the fourth quarter, mainly in line with…
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Aussie falls to one-month low on risk aversion
The Australian dollar dips to one-month low (0.7592) in European trading on Thursday, being under increased pressure from faded risk mode.
The pair fell 1.3% on Wednesday, with today’s extension lower, completing reversal pattern (bearish…
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