Cable dips to 2-week low on fresh coronavirus fears
Cable accelerated lower in European trading on Monday and hit new two-week low, on comments from UK chief medical adviser Whitty, who said that next few weeks of the Covid-19 pandemic will be the worst.
New highly infectious variant of the…
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Dollar rises further on risk aversion but more evidence needed to signal reversal
The dollar started trading on Monday with gap-higher and hit 2 ½ week high against the basket of major currencies, signaling and extension of bounce from new 2021 low (the lowest since Apr 2018), posted last Wednesday.
The greenback rose…
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US economy sheds jobs in December for the first time since April
US nonfarm payrolls plunged in December, falling for the first time in eight months, signaling that the economy, hit by surging coronavirus infections, is losing momentum that could temporarily stall the recovery from the pandemic.
US…
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Extended pullback dips below $1900 ahead of US NFP
Spot gold fell 1.5% on Friday, extending steep fall into third straight day, after bulls stalled at pivotal Fibo resistance at $1956 (61.8% of $2074/$1764 fall).
The price fell below $1900 for the first time in one week, as dollar gained…
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WTI extends gains, lifted by production cut, risk appetite
WTI oil rose to new 11-month high on Friday and on track for significant weekly gain and first weekly close above $50 level since mid-Feb 2020.
Positive sentiment was boosted by Saudi Arabia’s decision to make voluntary cuts to its…
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German industrial output and exports accelerated in November
German manufacturing production and exports rose more than expected in November, marking the seventh straight month of rise, and signaling that the sector gained momentum in the fourth quarter.
Industrial output was up by 0.9% in…
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Larger bulls are taking a breather
The Euro is down around 100 pips in European trading on Thursday after bulls stalled on approach to Wednesday’s new multi-month high at 1.2349.
The US Senate certified Biden’s victory, with Democrats winning control of the US Senate and…
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US Congress certifies Biden’s election victory
The US Congress formally certified Democrat Joe Biden’s election victory in early Thursday, just hours after a hundreds of protesters, supporters of President Donald Trump, stormed the US Capitol.
Immediately after the certification, the…
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US Congress back to work after protesters stormed the Capitol
The US Congress resumed its work hours after hundreds of President Donald Trump’s supporters stormed the US Capitol in a stunning bid to overturn his election defeat.
In the severest assault on the symbol of American democracy, rioters…
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Employment in US private sector declines in December for the first time since April
The employment in US private sector unexpectedly dropped in December as surging new Covid-19 infections sparked a fresh wave business restrictions that negatively impacted hiring in the sector.
ADP National Report showed that private…
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