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…
Read More...
Read More...
Recovery extension cracks pivotal Fibo barrier
Cable extends recovery from Wednesday’s two-month low (1.2675) after bears got trapped under 200DMA (1.2719) and ahead pivotal Fibo support at 1.2690 (38.2% of 1.1409/1.3482 rally).
Fresh advance also points to false break below the base…
Read More...
Read More...
Bears are pausing but still on track for the biggest weekly fall in six months
Bears are taking a breather after three-day fall started to lose traction in the middle of thick rising daily cloud.
Thursday’s action ended in green Doji candle after three long bearish daily candles, with rising momentum and stochastic…
Read More...
Read More...
Growing concerns about US economic recovery continue to boost dollar’s safe-haven appeal
The dollar extends rally into fifth straight day and hits new two-month high on Thursday. Higher than expected US jobless claims added to concerns about the economic recovery already dented by stalled talks about the new package of fiscal…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...