High weekly US jobless claims continue to frustrate
The number of Americans filling claims for unemployment benefits totalled 840K for the week ended October 3 – slightly lower than the upwardly revised figure of 849K last week, but still higher than the forecast of 820K.
Continuing…
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Near-term action to remain directionless while holding between 10 and 55DMA’s
The Euro remains constructive on Thursday, inflated by weaker dollar on fresh risk sentiment, but lacking strength for stronger advance and renewed attack at pivotal barriers at 1.1794/1.1807 (55DMA / Tuesday’s high).
Daily techs are…
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Renewed US stimulus hopes improve risk mode
Fresh hopes for further US stimulus restored investor confidence and boosted risk sentiment on Thursday, lifting stocks and riskier currencies and sending the dollar lower.
Talk of fiscal aid has resurfaced, but markets are getting…
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Pound extends pullback on risk aversion and EU-UK fishing problem
Cable extends weakness on Wednesday, following 0.7% drop previous day, after President Trump deflated risk mode by calling off stimulus talks.
The pound came under fresh pressure today after Ireland highlighted EU-UK fishing problem, the…
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Turkish lira hits new record low on rising geopolitical tensions
The Turkish lira fell to new all-time low vs dollar on Wednesday, on fresh pressure over rising tensions in Caucasus and possible US sanctions on Turkey.
Lira weakened rapidly this year (down 24% so far) as Covid-19 pandemic hit the…
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Euro bounces after drop on risk aversion but the downside remains vulnerable
The Euro regained traction in early European trading on Wednesday, following late Tuesday’s 0.4% drop on risk aversion after President Trump called off stimulus talks.
Tuesday’s close in red and failure to clear converged 30/55DMA’s…
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Fresh risk aversion lifted the dollar after Trump abruptly cancelled talks on economic stimulus
President Trump shook the markets again on Tuesday with the surprise decision to call off stimulus talks until after the November 3 presidential election.
Traders rushed into safety following Trump’s announcement, lifting the dollar…
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Bulls face strong headwinds at pivotal 1.30 resistance zone, keeping the downside at risk
Cable fell to session low (1.2915) as bulls lost traction after probing through 1.30 barrier for the first time since 16 Sep.
Pound was hit by remarks from PM Johnson’s virtual Tory conference on Tuesday.
Johnson said that Britain lost…
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