German retail sales unexpectedly rose in November
German retail sales rose 1.9% in November against expectations of 2% contraction, with strong growth in online sales and spending on home improvements, being the main contributors.
November’s data also relate to a period when Germany was…
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Dollar hits new multi-year low, set for deeper fall in early 2021
The dollar hit new three-year low against the basket of major currencies on Monday, starting trading in 2021 in red, after registering drop of nearly 6.5% in the year 2020.
Covid-19 pandemic that devastated the US economy and ultra-low…
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Eventual break of 1.23 barrier would expose targets at 1.25 zone
The Euro is probing again through 1.23 barrier on Monday after cracking the level twice last week, but without clear break.
Bulls regained traction at the first trading day of 2021, as the pair opened with a gap higher and rallied,…
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UK manufacturing sector rose to its highest level in three years in December
The UK manufacturing Purchasing Managers’ Index, a closely watched gauge of growth in manufacturing activity, rose to 57.5 in December, hitting the highest level in three years, on jump from 55.6 in November and beating 57.3 forecast.…
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Investors expect stocks to advance further in 2021
US stock markets ended 2020 in positive mode, following the longest bull market in the history and the shortest bear market on record, with investors seeing stocks in early stages of multi-year bull run expecting further rise in 2021.…
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Bulls face strong headwinds from key Fibo barrier
Cable regained traction after 0.7% drop on Monday and jumped above 1.35 handle in early Tuesday’s trading.
Weaker dollar and fresh rise of FTSE100 index lift pound, as final UK/EU trade deal keeps positive sentiment, although the agreement…
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Britain’s businesses start to prepare for end of Brexit transition period
After the UK and EU finally clinched a trade deal, preserving zero-tariffs and zero-quota access to the single market of 450 million consumers, Britain urged businesses to prepare for Brexit as transition period, designed to smooth UK’s…
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President Trump signs pandemic aid and spending bill
US President Trump signed $2.3 trillion pandemic aid package that was approved by the Congress last week, averting at the last minute a federal government shutdown and restoring unemployment benefits to millions of Americans.
Trump…
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The US economy grew at a record pace in Q3 but the outlook for Q4 is not so bright
The US Gross Domestic Product rose by 33.4% in the third quarter, in rebound from Q2 31.4% contraction, the deepest drop in record.
Record pace of recovery was fueled by a massive $3 trillion pandemic relief but appears to have lost…
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New lockdown further weakens German consumer morale
German consumer morale fell for a third straight month into January, as new lockdown on surging coronavirus infections reduced income expectations and increased tendency to save.
The Gfk institute’s consumer sentiment index fell to -7.3…
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