Trump falsely claims victory with millions of votes still uncounted
Shortly after Joe Biden said he was confident of winning the contest once the votes are counted, President Donald Trump claimed victory, despite millions of votes still to be counted.
Vote counting could be completed in next hours or…
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Near-term action is highly volatile but remains biased lower
The Euro moved within a 170-pips range in a highly volatile Asian trading, spiking to one-week high (1.1771) and subsequently falling to a multi-week low (1.1602).
News-driven action remains capped by daily cloud, keeping the…
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US Presidential Elections: Trump leads in Florida and other battleground states
Betting odds on the US presidential election tighten after flipping in favor of Republican President Donald Trump, according to the latest data.
President Donald Trump won the battlegrounds of Florida Ohio and Texas and took the lead…
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Oil extends recovery but remains weighed by strong demand concerns
WTI oil extends strong rebound into second day, making an advance of over 8% in a less than two days.
Short covering ahead of the US presidential election lifted oil price, along with recovery in financial markets.
Fresh rally retraced…
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Dollar index tumbles on fresh risk sentiment in pre-election uncertainty
The dollar index slumps on Tuesday (down almost 0.5% since opening in Asia), as American electorate heads to the polls and uncertainty rises, keeping safe assets supported.
In addition, fresh risk appetite lifted stocks, riskier currencies…
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Forex markets expected to remain net short US dollar after election
Traders reduced net short dollar positions last week after the greenback moved within the range in October but kept negative bias.
Analysts expects bets against the US dollar to remain or even increase in immediate reaction to the…
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Fresh rebound needs to clear 1.30 zone to sideline bears
Fresh risk appetite lifts cable in European session on Tuesday, as bears showed signs of stall on Monday’s long-tailed Doji and bear-trap under rising 100DMA.
Recovery cracks barriers at 1.2978/84 (Fibo 38.2% of 1.3177/1.2855 / 20DMA)…
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Recovery accelerates but bears to remain alive while key barriers at 1.1706/21 cap
The Euro jumps in early Tuesday after bears faced strong headwinds from key 1.1600 support zone (25 Sep low / 50% retracement of 1.1168/1.2011) and Monday’s action ended in daily Doji candle.
Fresh rally accelerates on profit-taking from…
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Australia’s central bank trims interest rates near zero and boosts bond-buying plan
The Reserve Bank of Australia - as widely expected - lowered its key interest rate to 0.10% from 0.25% and announced it would buy government bonds worth A$100 billion over next six months.
The central bank desires to drag the economy out…
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