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…
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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…
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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…
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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…
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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…
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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…
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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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