Oil prices remain under increased pressure on global oil demand concerns
WTI oil stands at the back foot on Wednesday and capped by the base of thick daily cloud ($40.0/$41.92) keeping negative tone after Tuesday’s 3.7% drop.
Global death toll on coronavirus surpassed one million and rising number of new…
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Dollar rises on fading risk sentiment after Presidential Debate
The dollar jumped after chaotic first US Presidential Debate which faded risk mode and deflated stocks and riskier currencies.
Traders remain cautious as debate showed all but plans of presidential candidates, although polls suggest Biden…
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First presidential debate descends into chaotic clash in Cleveland
President Donald Trump and his Democratic rival, former vice president Joe Biden, clashed in the first of their three televised debates in Cleveland on Tuesday, with 70% of the audience annoyed and 30% entertained according to instant…
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Trump and Biden to meet in first presidential debate
The two White House candidates – Republican incumbent Donald Trump, and Democratic rival Joe Biden – will meet on Tuesday evening in the pivotal first televised debate.
It is the first of three such debates between now and the…
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Continuation of EU/UK trade talks is key event for sterling today
Cable remains constructive in early Tuesday’s trading, following positive close on Monday, although with daily candle with long upper shadow that points to upside rejection.
Fresh recovery that emerged after bear-trap under 200DMA, cracked…
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Lira falls to new all-time low on intensifying conflict in Caucasus
The USDTRY surged to new all-time high at 7.8592 on Monday, as conflict in Caucasus, on Turkey’s border, revived negative sentiment and pushed lira further down.
The unexpected action from CBRT last week, when the central bank increased…
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Several key economic releases tie in with monthly and quarterly ends in this week’s highlights
The markets are gearing for a hugely significant week ahead, as the impending release of several important economic indicators – including the first US presidential debate – coincide with the end of both September and the third quarter.…
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Bears are taking a breather after last week’s 1.8% drop
The Euro bounces from two-month low in European session on Monday, driven by fresh risk mode in the market, that lifted global stocks and deflates dollar
Larger bears are taking a breather as traders book some profits on last week’s 1.8%…
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The dollar is on track for the biggest weekly advance in six months
The US dollar regained traction on Friday, remaining on track for its best week since early April despite Thursday’s pause.
The Dollar Index, which measures the performance of the dollar against the basket of six major world currencies,…
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Turkish lira rises after surprise CBRT rate hike but advance is likely to be limited
The Turkish lira rose strongly against the dollar, gaining 20 big figures in two days after Turkish central bank unexpectedly hiked interest rates by 2% to 10.25% on Thursday.
The CBRT surprised by tightening policy for the first time in…
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