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…
Read More...
Read More...
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%…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
Bulls regain traction and signal reversal
The cross rebounds strongly on Thursday after larger bears were rejected on probe through key supports at 0.8865 (3 Sep / 9 June lows).
Fresh advance is about to complete reversal pattern on daily chart after Wednesday’s action ended in…
Read More...
Read More...
Cable extends pullback on political and EU/UK talks news
Cable dips further on Thursday, following Wednesday’s upside rejection and bull-trap above Fibo 76.4% barrier at 1.3291.
Daily close in red was initial negative signal, with fresh extension lower in early Thursday’s trading, driven by…
Read More...
Read More...
European Central Bank will extend bond-buying and cheap loans to keep the EU economy afloat
The European Central Bank ‘s President Christine Lagarde said in her speech on ECB’s annual symposium that the central bank will focus on more bond-buying and cheap loans for banks, in addition to its new stimulus package next month, to…
Read More...
Read More...