Fed is expected to give new asset-purchase guidance soon
The US Federal Reserve is likely to give soon more details on how long they will continue to buy bonds to provide support to the economy, minutes of the central bank’s latest policy meeting showed.
The Fed kept its loose monetary policy…
Read More...
Read More...
German consumer morale weakens further on new and stricter measures
German Gfk institute report showed that consumer sentiment fell to -6.7 heading into December from -3.2 previous month and disappointed forecast for -5.0 drop.
Consumer morale weakened further as tighter measures to curb the second wave…
Read More...
Read More...
Risk mode keeps cable inflated for renewed attack at 1.34 resistance zone
Cable continues to tick higher and looks for fresh attack at 1.34 barrier, after Monday’s attempt was strongly rejected.
The sentiment remains positive as start of transition of power in the White House and growing optimism for Covid-19…
Read More...
Read More...
US jobless claims rise again on surge in coronavirus cases and tighter restrictions
The US initial jobless claims increased by 30,000 in the week ending Nov 21 and totaled at 778,000, compared to 748,000 previous week and overshot 730,000 consensus.
Increased number of Americans filling first time for unemployment…
Read More...
Read More...
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…
Read More...
Read More...
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.…
Read More...
Read More...
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…
Read More...
Read More...