Sterling rises to eleven-week high on vaccine, Brexit deal optimism
Sterling rallied to new eleven-week high on Monday, driven by strong risk appetite on positive news about potential coronavirus vaccine and rising optimism about Brexit deal.
UK and EU negotiators continue talks this week with hopes to…
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German economic activity slows less than expected in November – PMI
The activity in German manufacturing sector continued to grow in November, although at a slightly slower pace, continuing to support the economy, threatened by the deepest recession since the Second World War.
Manufacturing sector grew…
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Dollar remains pressured by vaccine hopes but surging virus cases limit losses
The dollar opened remains at the back foot against the basket of currencies and trading near recent lows at 92.17/10 (18/9 Nov), following Monday’s gap-lower opening.
Optimism about Covid-19 vaccine keeps the risk sentiment and deflates…
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Oil price maintains bullish bias but negative impact from new wave of virus limits gains
WTI oil price jumps above $42 on Friday, focusing November’s peak at $43.03.
Overall sentiment remains positive as the contract is on track for the third consecutive weekly gain, although the upside attempts remain limited on oversupply,…
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Double upside rejection and soured risk sentiment shift near-term focus lower
The Euro dipped to three-day low on Thursday, seeing increased risk of deeper pullback after bulls showed strong signals of stall by leaving two consecutive inverted hammer candles (Tue/Wed).
Daily RSI turned south, warning of loss of…
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US jobless claims rise as Covid-19 surge slows recovery in labor market
US weekly jobless claims unexpectedly rose last week, as new restrictions to control surging coronavirus infections triggered fresh wave of layoffs and threatening to further slow recovery in labor market.
The number of people filling…
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