Fed’s Powell expects challenging months for the US economy until vaccine is ready
The US economic recovery slowed due to surging pandemic and subsequent restrictive measures, signaling that America is entering a challenging few months, Fed Chairman Jerome Powell said.
Potential deployment of coronavirus vaccine is…
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Partial lockdown slowed growth in German manufacturing sector in November
German manufacturing sector growth slowed in November on tighter measures to contain a second wave of coronavirus.
The Manufacturing Purchasing Managers’ Index, which tracks the activity in manufacturing sector, fell to 57.8 in November…
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Upbeat UK data lift cable for renewed attack at key 1.34 resistance
Cable regained traction and jumped towards key 1.34 resistance zone after three days in red and brief pullback being contained by rising 10DMA (currently at 1.3321).
Sterling maintains positive tone on improved risk sentiment over vaccine…
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Bulls pressure key barriers ahead of RBA policy meeting
The Australian dollar is consolidating under three-month high (0.7407), posted after fresh probe through 0.7400 earlier today.
Bulls remain well supported by rising positive sentiment on vaccine expectations that continues to deflate US…
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Oil markets focus on OPEC+ meeting and decision for 2021 output policy
Crude oil prices edged lower from new multi-month highs on Monday but still on track for the biggest monthly gains since June.
US WTI contract rose to $46.21 per barrel, the highest since early March and set for monthly rise of nearly…
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