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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Aussie falls to 1 1/2 month low on stronger greenback, expectations of RBA rate cut
The Australian dollar extends steep fall into fourth straight day (down 2.9% from last Friday’s 0.7334 high) and falls to 1 ½ - month low on Wednesday.
Strong risk aversion continues to deflate Aussie, with additional negative signals seen…
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Bears look for strong signal on close below cracked key support zone
Bears cracked strong 1.1700 support zone and hit new lowest in nearly two months on Wednesday, fueled by unexpected drop in EU’s Services and Composite PMI’s in September.
Recovery in Services sector slowed and fell below 50 threshold (Sep…
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