Australia’s economy made unexpectedly strong rebound in Q3 from Covid-19 recession
Australian economy expanded well above expectations in the third quarter, with strong rebound from coronavirus-induced recession signaling that the country largely got Covid-19 pandemic under control.
Data released on Wednesday showed…
Read More...
Read More...
Euro rises through 1.20 barrier, hits the highest since Apr 2018
The Euro surged through psychological 1.20 barrier and hit new 2 ½ year high in US trading on Tuesday, completely offsetting negative signal from Monday’s bearish candle with long upper shadow.
Downbeat US manufacturing data deflated…
Read More...
Read More...
Fed’s Powell expects challenging months for the US economy until vaccine is ready
The US economic recovery slowed due to surging pandemic and subsequent restrictive measures, signaling that America is entering a challenging few months, Fed Chairman Jerome Powell said.
Potential deployment of coronavirus vaccine is…
Read More...
Read More...
Partial lockdown slowed growth in German manufacturing sector in November
German manufacturing sector growth slowed in November on tighter measures to contain a second wave of coronavirus.
The Manufacturing Purchasing Managers’ Index, which tracks the activity in manufacturing sector, fell to 57.8 in November…
Read More...
Read More...
Upbeat UK data lift cable for renewed attack at key 1.34 resistance
Cable regained traction and jumped towards key 1.34 resistance zone after three days in red and brief pullback being contained by rising 10DMA (currently at 1.3321).
Sterling maintains positive tone on improved risk sentiment over vaccine…
Read More...
Read More...