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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US business activity expanded well above the most optimistic forecasts in November
US Manufacturing and Services PMI indexes topped the most optimistic expectations in November, signaling that business activity expanded at the fastest pace in six years and the economic recovery from Covid-19 recession continues to…
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