US retail sales miss forecast as surge in coronavirus cases hits income and spending
US retail sales rose below expectations in October, with rising fears of further slowdown on raging coronavirus and strong drop in household income as millions of Americans lost financial support from the government.
Retail sales…
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The dollar extends weakness, risks bigger fall
The dollar remains firmly in red and extends weakness into fourth consecutive day.
Bearish acceleration from 105.67 peak (11 Nov) so far retraced over 50% of 9 Nov massive rally, signaling further weakness.
Bears approach key Fibo…
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Bulls extend into fourth straight day and look for 1.19+ gains
The Euro resumes higher on Tuesday, keeping firm bullish stance despite Monday candle’s long shadows which hinted indecision, as risk appetite on fresh vaccine hopes keeps the single currency inflated.
Bulls broke above cracked pivotal…
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Investors focus on Fed’s further support as surging coronavirus cases threaten economic recovery
The latest news that two Covid-19 vaccines proved highly effective in late-stage trials have boosted risk appetite, sending US stock markets to record highs, but investors still fear that surging coronavirus infections, as the United States…
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Bulls expected to remain intact above daily cloud, but initial negative signals developing on weekly…
Attempts to extend last Friday’s 0.65 advance stalled on Monday, as jump to the session high (1.3241) was so far short-lived and the action returned below 1.3200 handle.
Larger uptrend from 1.2675 (23 Sep low) remains in play, with…
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Hopes for stopping Covid-19 rise as Moderna said their vaccine is 94.5% effective
Fresh risk sentiment hit financial markets on Monday after Moderna Inc announced that their experimental vaccine in preventing Covid-19 was 94.5% effective.
Moderna’s vaccine has a key advantage against Pfizer’s recently presented…
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Bulls eye November’s high as risk sentiment on vaccine persists
The Euro extends recovery on Monday and hit one-week high, boosted by risk appetite on corona-virus vaccine and hopes for a free-trade agreement within the world’s largest trade bloc, formed by fifteen Asia-Pacific economies, that for now…
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China’s post-pandemic economic recovery continues to gain pace
China’s economic recovery from Covid-19 slump is gaining momentum and broad-based acceleration of the economy continues in October, data showed on Monday.
Industrial production rose faster than expected in October, climbing 6.9% vs 6.5%…
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