German economy strongly rebounded in third quarter, but recession fears grow
German economy expanded by a record 8.5% in the third quarter, above expected 8.2% growth, following a 9.7% plunge in the second quarter.
Higher than expected economic rebound was mainly driven by soaring export and household spending and…
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Bulls regain traction after thick daily cloud contained dips
The Euro jumped towards 1.19 barrier on Tuesday after strong Monday’s fall was contained by thick daily cloud.
Fresh advance brings bulls back in play for renewed attempt at November’s high (1.1920).
Bullish momentum started to rise and…
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US business activity expanded well above the most optimistic forecasts in November
US Manufacturing and Services PMI indexes topped the most optimistic expectations in November, signaling that business activity expanded at the fastest pace in six years and the economic recovery from Covid-19 recession continues to…
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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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