UK economy rebounds slower than expected in Q3
Britain’s economy grew by a record 15.5% in the third quarter, compared to the previous three months’ 19.8% contraction, while a monthly figure showed 1.1% growth in September, compared to 2.1% in August.
The data, which came before the…
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Lira extends recovery on hopes of CBRT rate hike
The Turkish lira remains at the front foot against US dollar, following recent gains on risk appetite, sparked by fresh Covid-19 vaccine hopes and replacement of CBRT governor and Financial Minister.
The USDTRY pair eased nearly 5% on…
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Bulls remain underpinned by massive Monday’s candle and look for eventual lift above daily…
The pair extends consolidation into second consecutive day, following Monday’s surge (up 2%) on Covid-19 vaccine news.
Today’s action so far is holding positive tone, with long tails of today’s / Tue daily candles, signaling that the…
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Near-term bears remain in play but require confirmation on close below key Fibo support
The Euro remains in red on Wednesday and probes again through cracked Fibo support at 1.1798 (38.2% of 1.1602/1.1919 ascend) after Tuesday’s action ended in long-legged Doji, signaling strong indecision.
Monday’s bearish engulfing weighs…
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Covid vaccine hopes and strong drop in crude inventories lift oil price further
WTI oil price climbed to the highest in more than two months on Wednesday, extending steep ascend into third straight day.
Oil price rose above $42 per barrel for the first time since early September, as hopes of effective Covid-19 vaccine…
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The RBNZ keeps record low rates and unveils new lending program
The New Zealand’s central bank kept its benchmark interest rate unchanged in its today’s policy meeting and introduced new funding program that would reduce costs for lenders.
The RBNZ held its official cash rate at record lows and…
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Narrow consolidation above daily cloud top to precede fresh push higher
The Australian dollar holds in sideways mode for the third day, consolidating 3.3% rally from 0.6991 (2 Nov low).
Underlying bulls remain in play, boosted by bullish engulfing on weekly chart, close above 200WMA (0.7242), as well as…
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EURGBP falls to nine-week low as pound continues to benefit from fresh risk mode
The cross extends steep fall into second consecutive day (down so far 1.55% since Monday’s opening) and hits nine-week low at 0.8883 on Tuesday.
The single currency comes under increased pressure on fresh risk appetite on vaccine news that…
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Bearish engulfing and weak German data weigh on Euro
The Euro remains at the back foot on Tuesday and extends weakness below 1.1800 handle following Monday’s post-vaccine rally stall above 1.1900 barrier and subsequent weakness that resulted in a daily fall of 0.6%.
Monday’s bearish…
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