Gold extends advance, inflated by US stimulus hopes
Spot gold hit new two-week high ($1872) on Tuesday, in extension of previous day’s 1.3% advance, the biggest one-day rally since Dec 1.
Fresh hopes on a US fiscal stimulus deal to support the economy hurt by surging coronavirus infections,…
Read More...
Read More...
EURGBP cross surges almost 1% on fresh fears for no-deal Brexit
Strong uptrend extends into third straight week, with today’s rally of almost 1%, being sparked by pessimistic Brexit news that deflated sterling.
Brexit trade negotiations stalled on three key points with both sides keeping their…
Read More...
Read More...
Brexit trade talks remain stalled as the time is running out
Post Brexit talks remain stuck with growing fears of no-deal divorce, as the Britain and the European Union made a last-ditch attempt to bridge significant differences and eventually reach a deal, to avoid a disastrous disorderly Brexit…
Read More...
Read More...
German Industrial Production rises well above expectations, boosted by strong jump in car sales
German industrial production rose well above expectations in October - supported by booming car sales- signaling the export-oriented manufacturing sector in the Europe’s largest economy is on track for solid fourth quarter.
Industrial…
Read More...
Read More...
Fresh pessimism over Brexit trade talks hurts sterling
Cable tumbled in early European trading on Monday (down 1.1% since opening in Asia), as sentiment soured after UK PM Johnson said that UK is ready to pull out of Brexit talks and comment from senior EU official that is impossible to say if…
Read More...
Read More...
Corrective dips into 1.20 support zone to precede fresh advance
Bulls are taking a breather under new 2 ½ year high (1.2177) following last week’s 1.34% advance. Weekly close above key levels at 1.2000/1.2096 (psychological / Fibo 38.2% of 2011/2017 1.4938/1.0340 fall) as well as 1.2100 barrier,…
Read More...
Read More...
US private sector hiring slowed in November
US private payrolls increased well below expectations in November, mainly due to soaring new coronavirus infections and stricter measures which slowed economic activity and reduced hiring.
The ADP report on Wednesday showed US private…
Read More...
Read More...
UK was the first in the world to approve Pfizer – BioNTech Covid-19 vaccine
The Great Britain became the first Western country to approve Covid-19 vaccine which is expected to reach the most vulnerable people as early as next week.
Britain’s Medicines and Healthcare products Regulatory Agency granted emergency…
Read More...
Read More...
Disappointing Brexit news deflate pound
The cross rose to 3 ½ high in European trading on Wednesday, following comments from senior EU diplomat that reasonable differences in Brexit trade talks persist on three main issues.
Sterling was deflated by the latest news as optimism…
Read More...
Read More...