Important Fibo barrier at 1.3676 is coming in focus
Cable hits new 2020 highs and pressuring 1.36 barrier, as strong bullish acceleration extends into third straight day, advancing nearly 2% since Tuesday’s opening.
Rising hopes of eventual Brexit trade deal keep pound inflated, along with…
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Bulls establish above 1.22 mark, set for further advance
The Euro continues to trend higher and hit the new highest levels since April 2018 in early European trading on Thursday (1.2243).
Bulls remain underpinned by rising risk appetite and Brexit optimism, with better-than-expected economic…
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Fed pledges to keep ultra-low rates and buy bonds until it sees substantial economic progress
The US Federal Reserve kept its base rate near zero and set standard for bond-buying program in its last policy meeting of the most eventful year 2020, in which the central bank slashed interest rates, increased bond purchases and took…
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US retail sales fall further in November on raging coronavirus and lack of fresh fiscal stimulus
The US retail sales fell for the second straight month and dropped well below expectations in November, with further deceleration being mainly caused by raging new Covid-19 infections that add to growing signs of slowing economic recovery.…
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Bears pressure pivotal 103 support zone
The pair extends steep bearish acceleration from Tuesday and falls to new five-week low on Wednesday, driven by broader dollar’s weakness (dollar index fell to the lowest since Apr 2018).
Bears pressure key short-term support at 103.17 (6…
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Cable extends advance and pressures 2020 peak, boosted by Brexit optimism
Cable rose above 1.35 barrier and hit new two-week high on Wednesday, in extension of Tuesday’s 1.04% rally, inflated by hopes for Brexit trade deal after the EU chief executive said there have been a progress in trade talks and next few…
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German Manufacturing and services sectors remain on solid footing in December
Better than expected PMI data showed that Germany’s private sector remains in an upward trajectory, as activity in manufacturing sector accelerated and services partly recovered in December.
German Manufacturing PMI rose to 58.6 in…
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UK inflation slowed significantly in November
Inflation in Britain rose 0.3% in November, following 0.7% rise in October and fell below 0.6% consensus, slowing much more than expected and keeping inflation close to multi-year low at 0.2%, hit in August.
Big discounts on Black Friday…
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Bulls remain in play for another attempt at 1.22 but vulnerable ahead of Brexit finale
The Euro edges higher in early European trading on Wednesday and pressures new 2 ½ high (1.2177), following multiple failure at this level.
Larger bulls look for eventual break of 1.22 barrier to signal continuation of rally from March and…
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New lockdowns further hurt UK labor sector
Britain’s jobs data for October showed further weakening in the labor sector, hurt by lockdowns on the new wave of Covid-19 cases, with growing risk of a shock from the end of post-Brexit transition period on December 31, as trade…
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