Cable loses ground after negative news on trade talks
Cable fell over a hundred pips on Thursday after news said that EU and UK negotiators failed to close a gap on state aid, a key element of new agreement on post-Brexit trade ties.
The sentiment was further soured on news that European…
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Bulls need close above cloud top / 20DMA to neutralize existing risk of stall
The Australian dollar extends rally into fourth straight day, advancing 2.1% since the base of thick daily cloud contained last week’s steep fall.
Fresh risk mode and rally in China’s yuan additionally boosted Aussie, as bulls broke above…
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Break of key barriers at 1.1800 zone to signal upside breakout
The Euro regained traction after bulls paused on Wednesday, as robust US data and renewed hopes for US fiscal stimulus boosted risk sentiment.
Bulls pressure initial resistances at 1.1764/73 (Fibo 38.2% of 1.2011/1.1612 pullback /…
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US private payrolls rise above expectations in September
US private payrolls increased by 749K in September, beating forecast for 650K rise, with data for August being revised up from 428K to 481K.
Increase in hiring in US private sector surprised as talks about new package of fiscal aid have…
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Oil prices remain under increased pressure on global oil demand concerns
WTI oil stands at the back foot on Wednesday and capped by the base of thick daily cloud ($40.0/$41.92) keeping negative tone after Tuesday’s 3.7% drop.
Global death toll on coronavirus surpassed one million and rising number of new…
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Dollar rises on fading risk sentiment after Presidential Debate
The dollar jumped after chaotic first US Presidential Debate which faded risk mode and deflated stocks and riskier currencies.
Traders remain cautious as debate showed all but plans of presidential candidates, although polls suggest Biden…
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