Corrective dips into 1.20 support zone to precede fresh advance
Bulls are taking a breather under new 2 ½ year high (1.2177) following last week’s 1.34% advance. Weekly close above key levels at 1.2000/1.2096 (psychological / Fibo 38.2% of 2011/2017 1.4938/1.0340 fall) as well as 1.2100 barrier,…
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US private sector hiring slowed in November
US private payrolls increased well below expectations in November, mainly due to soaring new coronavirus infections and stricter measures which slowed economic activity and reduced hiring.
The ADP report on Wednesday showed US private…
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UK was the first in the world to approve Pfizer – BioNTech Covid-19 vaccine
The Great Britain became the first Western country to approve Covid-19 vaccine which is expected to reach the most vulnerable people as early as next week.
Britain’s Medicines and Healthcare products Regulatory Agency granted emergency…
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Disappointing Brexit news deflate pound
The cross rose to 3 ½ high in European trading on Wednesday, following comments from senior EU diplomat that reasonable differences in Brexit trade talks persist on three main issues.
Sterling was deflated by the latest news as optimism…
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Australia’s economy made unexpectedly strong rebound in Q3 from Covid-19 recession
Australian economy expanded well above expectations in the third quarter, with strong rebound from coronavirus-induced recession signaling that the country largely got Covid-19 pandemic under control.
Data released on Wednesday showed…
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Euro rises through 1.20 barrier, hits the highest since Apr 2018
The Euro surged through psychological 1.20 barrier and hit new 2 ½ year high in US trading on Tuesday, completely offsetting negative signal from Monday’s bearish candle with long upper shadow.
Downbeat US manufacturing data deflated…
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