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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Manufacturing growth rose above expectations in Germany and EU in October
Eurozone Manufacturing Purchasing Manager’s Index rose to 54.8 in October, the highest since August 2018, from 54.4 in September and above forecasted 54.4.
The recovery was mainly driven by strong German data (Manufacturing PMI 58.2 in…
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Bears hesitate at key 0.70 zone ahead of expected dovish RBA
The Australian dollar edged higher in Europe on Monday after overnight’s action cracked psychological 0.70 support and hit the lowest since 20 July at 0.6991.
Aussie was down 1.5% last week, driven by global risk aversion on new lockdowns…
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