US weekly jobless claims fall below expectations
US initial claims for state unemployment benefits fell to 837K in the week ending Sep26, compared to 873K in the prior week and 850K forecast.
Continuing claims were down almost one million (11.76M vs 12.74M previous) falling below 12…
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Near-term action remains capped by daily cloud base and weighed by demand recovery concerns /…
WTI oil price eases on Thursday on fresh risk aversion and persisting fears about global demand recovery on rising coronavirus cases and higher supplies from OPEC+ group.
The price action remains capped by daily cloud base for the second…
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Cable loses ground after negative news on trade talks
Cable fell over a hundred pips on Thursday after news said that EU and UK negotiators failed to close a gap on state aid, a key element of new agreement on post-Brexit trade ties.
The sentiment was further soured on news that European…
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Bulls need close above cloud top / 20DMA to neutralize existing risk of stall
The Australian dollar extends rally into fourth straight day, advancing 2.1% since the base of thick daily cloud contained last week’s steep fall.
Fresh risk mode and rally in China’s yuan additionally boosted Aussie, as bulls broke above…
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Break of key barriers at 1.1800 zone to signal upside breakout
The Euro regained traction after bulls paused on Wednesday, as robust US data and renewed hopes for US fiscal stimulus boosted risk sentiment.
Bulls pressure initial resistances at 1.1764/73 (Fibo 38.2% of 1.2011/1.1612 pullback /…
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