Post-US election rally faces strong headwinds at 1.3200 zone; focus turns to EU-UK talks
Cable hit new two-month high (1.3198) in early Monday’s trading, lifted by fresh risk mode after Democrat Joe Biden announced victory, but rally was so far short-lived, as traders collected profits after bulls probed above pivotal…
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Biden’s victory boosts risk mode but key obstacles remain and warn of further volatility
Improved risk sentiment was the highlight at the start of trading on Monday, after Democrat Joe Biden declared victory in the 2020 US Presidential elections, becoming the 46th president of the United States.
The US dollar fell to…
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US initial jobless claims were lower from the previous week but came above expectations
The number of Americans filling for unemployment benefits rose above expectations last week but was slightly below previous week’s numbers.
US weekly jobless claims totaled at 751,000 for the week ended Oct 31, slightly below upward…
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Euro advances 1% on fresh risk appetite
The Euro surged to 1 ½ week high at 1.1859 (up 1% for the day so far) driven by fresh wave of risk appetite on rising expectations for Biden’s victory that would boost talks about new stimulus package.
Fresh bullish acceleration after…
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German industrial orders drop in September as Eurozone slows
German industrial orders rose 0.5% in September, falling well below forecasted growth of 2%, on weaker demand, as bookings from other EU member countries dropped by 6%.
Weak data offset positive signals for expansion of German economy…
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Bulls look for fresh signal on clear break of pivotal 0.7200 zone
The Australian dollar rallies on Thursday, lifted by rise in stocks on fresh risk appetite, after Wednesday’s action ended in long-legged Doji, following nearly 200-pips range.
Fresh bulls probe again above pivotal 0.7200 resistance zone…
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Sterling jumps after BOE but near-term action is still without clear direction
Cable jumped above 1.30 barrier and hit session high at 1.3040 after BOE surprised by QE increase above expectations, in anticipation of stronger than expected contraction of Britain’s economy on new lockdown and Brexit.
Sterling regained…
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BOE increases stimulus again, preparing for the impact of new lockdown, Brexit
The Bank of England kept its ultra-low interest rate, as expected, but continues to look into the feasibility of taking borrowing costs below zero, and increased its massive bond-buying stimulus by bigger than expected 150 billion pounds,…
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Uncertainty rises on dispute over votes in two critical states
The run for the White House between Republican President Donald Trump and Democratic rival Joe Biden entered its final phase, but uncertainty remains high.
Biden predicted his victory after lead in two critical US states, Michigan and…
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