Turkish lira hits new record low on rising geopolitical tensions
The Turkish lira fell to new all-time low vs dollar on Wednesday, on fresh pressure over rising tensions in Caucasus and possible US sanctions on Turkey.
Lira weakened rapidly this year (down 24% so far) as Covid-19 pandemic hit the…
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Euro bounces after drop on risk aversion but the downside remains vulnerable
The Euro regained traction in early European trading on Wednesday, following late Tuesday’s 0.4% drop on risk aversion after President Trump called off stimulus talks.
Tuesday’s close in red and failure to clear converged 30/55DMA’s…
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Fresh risk aversion lifted the dollar after Trump abruptly cancelled talks on economic stimulus
President Trump shook the markets again on Tuesday with the surprise decision to call off stimulus talks until after the November 3 presidential election.
Traders rushed into safety following Trump’s announcement, lifting the dollar…
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Bulls face strong headwinds at pivotal 1.30 resistance zone, keeping the downside at risk
Cable fell to session low (1.2915) as bulls lost traction after probing through 1.30 barrier for the first time since 16 Sep.
Pound was hit by remarks from PM Johnson’s virtual Tory conference on Tuesday.
Johnson said that Britain lost…
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Bulls need lift above daily cloud top for confirmation
The Euro keeps positive tone and pressures 1.1800 barrier in early Monday, following Monday’s 0.6% advance on fresh risk appetite, with President Trump’s return to White House, further lifting the mood.
Upbeat German Factory Orders data…
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Aussie dips after RBA hinted rate cut in November
The Australian dollar fell in late Asian session on Tuesday as the Reserve Bank of Australia left interest rate unchanged at record low, but hinted further easing to support the economy, devastated by coronavirus pandemic.
The central bank…
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Dollar index falls to two-week low as stimulus hopes and optimistic news on Trump’s health…
The dollar was deflated by fresh risk appetite on Monday, sparked by optimistic news over President Trump’s health condition and hopes on new stimulus deal.
The dollar Index which measures performance of the US dollar against the…
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