Investors focus on Fed’s further support as surging coronavirus cases threaten economic recovery
The latest news that two Covid-19 vaccines proved highly effective in late-stage trials have boosted risk appetite, sending US stock markets to record highs, but investors still fear that surging coronavirus infections, as the United States…
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Bulls expected to remain intact above daily cloud, but initial negative signals developing on weekly…
Attempts to extend last Friday’s 0.65 advance stalled on Monday, as jump to the session high (1.3241) was so far short-lived and the action returned below 1.3200 handle.
Larger uptrend from 1.2675 (23 Sep low) remains in play, with…
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Hopes for stopping Covid-19 rise as Moderna said their vaccine is 94.5% effective
Fresh risk sentiment hit financial markets on Monday after Moderna Inc announced that their experimental vaccine in preventing Covid-19 was 94.5% effective.
Moderna’s vaccine has a key advantage against Pfizer’s recently presented…
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Bulls eye November’s high as risk sentiment on vaccine persists
The Euro extends recovery on Monday and hit one-week high, boosted by risk appetite on corona-virus vaccine and hopes for a free-trade agreement within the world’s largest trade bloc, formed by fifteen Asia-Pacific economies, that for now…
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China’s post-pandemic economic recovery continues to gain pace
China’s economic recovery from Covid-19 slump is gaining momentum and broad-based acceleration of the economy continues in October, data showed on Monday.
Industrial production rose faster than expected in October, climbing 6.9% vs 6.5%…
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Cable rebounds after 1.2% drop, but on track to end week in Doji candle
Cable rebounds on Friday, inflated by news of resignation of Dominic Cummings, British PM Boris Johnson’s most powerful adviser.
Cummings was the mastermind of 2016 Brexit referendum and Johnson’s 2019 election win, is the second person…
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Eurozone economy grew 12.6% in the third quarter
The Eurozone economic output surged 12.6% (quarter on quarter) in the third quarter, marginally below expectations for 12.7% growth after the economy contracted by 11.8% in the second quarter.
The year on year report the economy…
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Fading risk sentiment and economic worries warn of dollar’s recovery stall
The dollar weakens further vs yen in early Friday’s trading as risk sentiment, sparked by vaccine news fades and exploding new coronavirus cases prompt authorities to impose further restrictions.
Fears of further economic slowdown on…
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US Initial Jobless Claims fall to 7-month low
Initial claims for state unemployment benefits fell to 709,000 for the week ended Nov 7, down from upward revised 757,000 in the prior week and below consensus for 735,000 applications.
The drop in the number of Americans filing new…
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