Bears are pausing but still on track for the biggest weekly fall in six months
Bears are taking a breather after three-day fall started to lose traction in the middle of thick rising daily cloud.
Thursday’s action ended in green Doji candle after three long bearish daily candles, with rising momentum and stochastic…
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Growing concerns about US economic recovery continue to boost dollar’s safe-haven appeal
The dollar extends rally into fifth straight day and hits new two-month high on Thursday. Higher than expected US jobless claims added to concerns about the economic recovery already dented by stalled talks about the new package of fiscal…
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Last week’s unexpected rise in US weekly job claims adds to concerns over US economic recovery
A fresh rise in the number of Americans filing new unemployment benefit claims has added to concerns over the country’s economic recovery.
In a report by the US Labor Department, figures showed that initial jobless claims rose to 870k…
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German business climate continues to brighten despite Coronavirus resurgence
German business morale improved in September, extending its rise for a fifth straight month according to an Ifo survey on Thursday.
Although the September figure (94.3) slightly missed its forecast (93.8), it rose well above August’s…
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Bears take a breather before attempting through key supports
Cable is consolidating within narrow range above Wednesday’s nine week low (1.2675) after bears managed to close below the base of thick daily cloud but failed to register close below next pivotal support at 1.2690 (Fibo 38.2% of…
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Recovery shows signs of stall as risk aversion boosts yen
Bounce from new nearly six-month low at 104.00 (following false break below key support at 104.18), shows signs of stall.
Three-day rally was repeatedly capped by daily Kijun-sen (105.47), with fresh weakness in early Thursday’s trading,…
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