Mild recovery in December and new lockdown warn that Britain’s economy heads towards recession
Britain’s economy made a mild recovery in December after shrinking during a four-week England-wide lockdown in November.
The composite Purchasing Manager’s Index (PMI), which measures the activity in manufacturing and services sectors,…
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Swiss Franc hits the highest since Jan 2015 vs US dollar
The pair extends weakness on Wednesday and dips to the lowest since January 2015, when the Swiss National Bank freed the franc to rise, as news that Democrats move closer to Senate control, added pressure on the US dollar.
Strong franc’s…
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Democrats win one Georgia runoff and get closer to US Senate control
Democratic challenger Raphael Warnock is the first winner of US Senate race in Georgia, but it is still unknown which party will control the chamber as the second contest is still undecided.
Warnock defeated Republican incumbent Kelly…
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Euro rises to new 32-month high, eyes key barriers at 1.25 zone
The Euro rose to new 32-month high (1.2334) in early European trading on Wednesday, lifted by fresh wave of risk appetite as early reports show Democrats leading in Georgia Senate races, although the final outcome may take days.
Break of…
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Oil price surges on OPEC output talks optimism and geopolitical tensions
WTI oil price surged on Tuesday, making daily gains of 4.6% so far and on track for the biggest one-day rally since Nov 9.
Reduced risk sentiment deflated oil price on the first trading day in 2021, but bulls quickly regained traction,…
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Dollar is expected to remain in red regardless to the outcome of Georgia Senate run-off
The dollar returned to red on Tuesday after Monday’s long-legged Doji and pressuring new multi-month low at 102.71.
Broad dollar’s negative sentiment keeps in play risk for further weakness as bears gained fresh signal on December’s break…
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New national lockdown and fears of sub-zero rates could sideline larger bulls
Cable is consolidating after Monday’s 0.62% drop, as bulls were deflated after cracking 1.37 barrier and hitting new 2 ½ year high.
Despite bullish expectations, investors were cautious at the start of the year, considering risk of…
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German retail sales unexpectedly rose in November
German retail sales rose 1.9% in November against expectations of 2% contraction, with strong growth in online sales and spending on home improvements, being the main contributors.
November’s data also relate to a period when Germany was…
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Dollar hits new multi-year low, set for deeper fall in early 2021
The dollar hit new three-year low against the basket of major currencies on Monday, starting trading in 2021 in red, after registering drop of nearly 6.5% in the year 2020.
Covid-19 pandemic that devastated the US economy and ultra-low…
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Eventual break of 1.23 barrier would expose targets at 1.25 zone
The Euro is probing again through 1.23 barrier on Monday after cracking the level twice last week, but without clear break.
Bulls regained traction at the first trading day of 2021, as the pair opened with a gap higher and rallied,…
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