Bulls look for fresh signal on clear break of pivotal 0.7200 zone
The Australian dollar rallies on Thursday, lifted by rise in stocks on fresh risk appetite, after Wednesday’s action ended in long-legged Doji, following nearly 200-pips range.
Fresh bulls probe again above pivotal 0.7200 resistance zone…
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Sterling jumps after BOE but near-term action is still without clear direction
Cable jumped above 1.30 barrier and hit session high at 1.3040 after BOE surprised by QE increase above expectations, in anticipation of stronger than expected contraction of Britain’s economy on new lockdown and Brexit.
Sterling regained…
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BOE increases stimulus again, preparing for the impact of new lockdown, Brexit
The Bank of England kept its ultra-low interest rate, as expected, but continues to look into the feasibility of taking borrowing costs below zero, and increased its massive bond-buying stimulus by bigger than expected 150 billion pounds,…
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Uncertainty rises on dispute over votes in two critical states
The run for the White House between Republican President Donald Trump and Democratic rival Joe Biden entered its final phase, but uncertainty remains high.
Biden predicted his victory after lead in two critical US states, Michigan and…
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The US presidency is still undecided as many states count votes
President Trump and his Democratic rival Joe Biden both still have possible paths to reach the needed 270 Electoral College votes to win the election, as states keep counting votes.
The election hung in the balance, with a number…
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Growth in US private payrolls slows significantly in October
US private payrolls rose less than expected in October, generating initial signal that economic activity is slowing.
Lack of agreement of much needed new fiscal stimulus, as the first package drained and surge of new coronavirus infections…
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Strong support from Hispanic communities boosts Trump’s re-election hopes
President Trump's narrow victory in Florida, in which he outperformed results from 2016, boosts his chances of re-election, as wave of support from Hispanic voters helped to win.
Trump's rhetoric's in which he frequently painted Biden as…
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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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