Aussie accelerates lower as greenback rallies on surging new virus cases
The Australian dollar drops to four-day low on Thursday after bulls repeatedly failed to clearly break above 0.73 barrier, with fresh strength of the US dollar on growing worries on rise of coronavirus cases and fading optimism about the…
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Cable eases after double upside failure, risks deeper pullback
Cable dips to two-day low (1.3205) in early Thursday, deflated by newspaper report that Europe’s leaders are set to demand European Commission to publish plans for no-deal Brexit, as fears of negotiations stall rise.
European leaders aim…
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Employment in Australia surged above all expectations in October
Australian employment surged in October, beating all expectations, as easing of virus restrictions boosted hiring, though unemployment ticked higher (7.0% from 6.9% in Sep).
Report of Australian Bureau of Statistic showed strong rise in…
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Bulls lose traction at pivotal Fibo barrier and generate initial signs of stall
Bulls started to lose steam on approach to 1.1900 barrier as the uptrend from 1.1745 struggles at 1.1878 Fibo level (76.4% of 1.1919/1.1745) for the second day.
Tuesday’s inverted hammer candle gives initial warning of stall, as candles of…
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Eurozone economy heads to double-dip recession
Economists dramatically changed their expectations for Eurozone’s economic outlook, as forecasts in July for 3.1% growth in Q4, were revised to 2.1% in October and eventually turned to prediction that bloc’s economy would shrink 2.5% this…
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Better than expected UK CPI lifts cable further
Cable rises to new one-week high on Wednesday, as better than expected UK CPI figures in October added to pair’s positive near-term tone.
Fresh advance from 1.3106/09 higher base (12/13 Nov) extends into fourth day and pressures key…
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Break of 104 handle exposes key support at 103.18
Bear-leg from 105.67 peak (11 Nov) extends into fifth straight day and broke through significant supports at 104.13/00 (Fibo 61.8% of 103.17/105.67 round-figure) in early Wednesday’s trading.
The dollar remains under strong pressure on…
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