Cable falls to new monthly lows on rising risk of no-deal Brexit
Cable dips to the lowest in December on Friday, extending strong weakness into second straight day.
Sterling came under increased pressure on rising probability that trade talks will end without agreement and trigger most feared scenario –…
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Oil is on track for the sixth consecutive weekly gain, inflated by vaccine optimism and rising…
WTI oil is holding positive tone and probing above $47 handle in early Friday, following Thursday’s 2.7% advance that hit new post-pandemic recovery high at $47.71 (the highest since early March).
The oil is on track for a sixth straight…
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US weekly jobless claims surge to the highest in three months
US jobless claims rose more than expected last week, as surging new coronavirus cases triggered more restrictive measures that hit US labor sector.
The number of claims for state unemployment benefits jumped to 853K in the week ending…
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ECB eases policy once again, aiming to help the economy hit by pandemic and sliding into new…
The European central bank stayed in line with its guidance at the last policy meeting in 2020, by keeping interest rates unchanged at record lows and easing policy again, aiming to support bloc’s economy, hit by the second wave of the…
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UK economic growth slows to six-month low in October
Britain’s GDP growth slowed to 0.4% in October from 1.1% in September as new restrictions on surging Covid-19 cases hurt hospitality sector which registered drop of 14%.
The weakest growth since April’s collapse on the first lockdown…
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Cable stands at the back foot following no breakthrough in trade talks
Early Thursday’s action is keeping negative tone but long shadows on daily candles in past few sessions signal lack of clear direction.
Pullback from new 2020 high at 1.3538 cracked initial supports at 1.3335/30 (Fibo 23.6% of…
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Oil prices drop on unexpectedly strong build in weekly crude inventories
WTI oil fell over $1 after EIA report showed US weekly crude inventories rose by 15.2 million barrels in the week to Dec 9, marking the biggest weekly build in nearly eight months.
Downbeat data increased pressure on oil prices, reviving…
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Boris Johnson warns that no-deal would be likely scenario if the EU does not scrap some demands
With just three weeks until the end of transition period, turbulent Brexit saga continues, with uncertainty hitting the highest points and chaotic no-deal finale of the five-year Brexit crisis becoming more possible.
British Prime…
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Bulls regain traction after shallow pullback
The Euro rose in Asian session on Wednesday, generating initial signal that shallow three-day pullback from new 2 ½ year high at 1.2177 may be over.
Larger uptrend remains intact, with strong bullish momentum on daily and weekly charts,…
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Sterling remains weighed by Brexit uncertainty
Cable remains at the back foot and probes again below 1.33 handle in US trading on Tuesday, despite initial positive signal from Monday’s downside rejection at 1.3224 and subsequent bounce near 1.3400 zone.
Brexit uncertainty weights on…
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