Renewed probe through 1.1900-zone barriers face strong headwinds again
The Euro lost traction again on probes above pivotal 1.1900 resistance zone, as fresh rally spiked to 1.1929 (the highest since 1 Sep) and subsequently returned lower.
Bulls continue to face strong headwinds from 1.1900 zone but expected…
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Dollar index eyes key supports, weighed by strong risk appetite
The dollar index is probing again through 92.00 handle in early Wednesday’s trading, remaining under pressure on strong rise in risk appetite on start of transition in the White House and hopes that Covid-19 vaccine will be ready soon.…
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Stocks rise to record highs on dramatically improved sentiment
Global stocks rallied to record highs as markets cheered dramatically improved global outlook after President Trump’s administration eventually opened the way for President-elect Biden to prepare for the start of his administration and…
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Crude oil rises over 5% to new 8-month high
WTI oil price surged over 5% today and hit the highest since early March, lifted by strong optimism on coronavirus vaccine and beginning of transition of power in the White House.
Fresh risk sentiment boosts hopes of stronger demand…
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Gold takes out key supports and plunges to four-month low
Spot gold continues to spiral lower on Tuesday, falling to the lowest in four months, pressured by strong risk appetite on vaccine hopes and signs of eventual start of transition in the White House.
Bears broke below first key support at…
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Bulls pressure 1.34 barrier and eye 2020 high, inflated by rising risk appetite
Cable rises towards 1.34 barrier on Tuesday after strong upside rejection on Monday (1.3397 was new 11-week high), lifted by fresh risk appetite on signals that President Trump’s administration gave a green light for transition of duties to…
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German economy strongly rebounded in third quarter, but recession fears grow
German economy expanded by a record 8.5% in the third quarter, above expected 8.2% growth, following a 9.7% plunge in the second quarter.
Higher than expected economic rebound was mainly driven by soaring export and household spending and…
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Bulls regain traction after thick daily cloud contained dips
The Euro jumped towards 1.19 barrier on Tuesday after strong Monday’s fall was contained by thick daily cloud.
Fresh advance brings bulls back in play for renewed attempt at November’s high (1.1920).
Bullish momentum started to rise and…
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