Dollar index hits one-month low on fresh risk sentiment
The dollar index falls to one-month low on Tuesday as fresh optimism over US stimulus talks boost risk appetite and increase pressure at the greenback.
Fresh weakness emerged after bulls got trapped above 20DMA last Thu/Fri and accelerated…
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Bulls accelerate on fresh risk sentiment and pressure key barriers
The Euro accelerated higher on Tuesday (up 0.5% since opening in Asia), boosted by fresh risk sentiment on growing hopes for possible deal in US stimulus package talks.
Bulls extend strong rally into third day and broke above important…
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New hope for US stimulus package after fresh push in talks
Fresh optimism hit the markets on Tuesday, as renewed talks over the proposed US stimulus package accelerated.
Republicans in the Senate are preparing legislation to revive the programme, which will be targeted at small businesses…
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Cable loses traction on stalled Brexit talks
Cable is standing at the back foot in early European trading on Tuesday deflated fresh risk aversion on fading hopes that US new stimulus package will be agreed before Nov 3 election and Brexit talks in limbo.
Monday’s strong rejection…
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Aussie extends fall as RBA discusses further easing
The Australian dollar accelerated lower in Asia on Tuesday (down 0.5% for the session) as minutes of RBA most recent meeting showed that the central bank discussed further monetary easing through cutting interest rate towards zero and…
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UK and EU remain at trade talks impasse as neither side takes the initiative
Brexit trade talks continue to remain deadlocked, even though the end of the UK’s transition period is now less than two-and-a-half-months away.
Both the UK and the European Union (EU) signaled on Monday that the door for agreement…
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Gold climbs on fresh optimism over a new stimulus agreement before election
Spot gold jumped to four-day high ($1918) on Monday as dollar fell across the board on optimism over a new US stimulus package before presidential election next month.
The yellow metal rose after directionless mode last Thu/Fri, signaling…
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Euro rises on weaker dollar; Brexit talks and ECB Lagarde’s speech eyed for fresh signals
Fresh risk mode lifts Euro to three-day high on Monday after recovery attempts were rejected on Friday.
Bulls cracked important barriers at 1.1760 zone (converged 10/30DMA’s / 50% retracement of 1.1830/1.1688 downleg) with firm break here…
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Sterling jumps to 1.30 ahead of phone talks of EU and UK Brexit negotiators
Cable makes a bullish start on Monday by bouncing from the lows of recent congestion after 20DMA (1.2897) contained multiple attacks in past few days.
Friday’s long-legged Doji points to indecision as traders await more signals,…
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China’s economic recovery gains pace in the third quarter on growing consumption
China’s economy has partially emerged from its lockdown-driven record slump in the first months of the year, with the latest data showing accelerated economic recovery in the third quarter.
Gross domestic product (GDP) grew 4.9% in…
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