Cable cracks key support zone and hits fresh multi-month low
GBPUSD
Cable dipped to nine-month low (1.2675) on Wednesday, in extension of strong fall in past three days, following downbeat PMI data.
The activity in UK Services sector slowed this month (55.1 current vs 58.8 previous month) and…
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German manufacturing sector extends recovery in September but activity in services sector remains…
Solid numbers point to an extended recovery in the German private sector, as increased foreign demand boosted export-oriented manufacturers during September.
Indeed, the manufacturing sector showed the best results as the PMI index rose…
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Gold extends sharp fall on rising dollar
Spot gold price establishes below $1900 as fresh weakness extends into third straight day and hits six-week low in early Wednesday, pressured by rising dollar on risk aversion over renewed coronavirus crisis.
Bears cracked strong support…
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Bears crack pivotal 1.1700 support zone, risk of stronger bearish acceleration on firm break
The Euro holds in red for the third straight day after failing to benefit from recent risk sentiment.
Fresh risk aversion on rising fears about the second wave of coronavirus and restrictions that governments plan to impose, pushed the…
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Sterling fell to two-month low vs dollar on remarks from BOE Governor Bailey and expectations for…
Cable accelerated lower in early Tuesday, extending Monday’s nearly 1% fall, with fresh weakness being sparked by remarks of BOE’s Governor Andrew Bailey.
Bailey said that escalating Covid-19 cases increase downside risks for the economy,…
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