Better than expected UK CPI lifts cable further
Cable rises to new one-week high on Wednesday, as better than expected UK CPI figures in October added to pair’s positive near-term tone.
Fresh advance from 1.3106/09 higher base (12/13 Nov) extends into fourth day and pressures key…
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Break of 104 handle exposes key support at 103.18
Bear-leg from 105.67 peak (11 Nov) extends into fifth straight day and broke through significant supports at 104.13/00 (Fibo 61.8% of 103.17/105.67 round-figure) in early Wednesday’s trading.
The dollar remains under strong pressure on…
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US retail sales miss forecast as surge in coronavirus cases hits income and spending
US retail sales rose below expectations in October, with rising fears of further slowdown on raging coronavirus and strong drop in household income as millions of Americans lost financial support from the government.
Retail sales…
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The dollar extends weakness, risks bigger fall
The dollar remains firmly in red and extends weakness into fourth consecutive day.
Bearish acceleration from 105.67 peak (11 Nov) so far retraced over 50% of 9 Nov massive rally, signaling further weakness.
Bears approach key Fibo…
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Bulls extend into fourth straight day and look for 1.19+ gains
The Euro resumes higher on Tuesday, keeping firm bullish stance despite Monday candle’s long shadows which hinted indecision, as risk appetite on fresh vaccine hopes keeps the single currency inflated.
Bulls broke above cracked pivotal…
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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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