German economy registers record growth in third quarter
The German economy expanded by a record 8.2% in the third quarter, beating previous forecasts of a 7.3% growth.
The jump in output signals that Europe’s largest economy is on the recovery path after an unprecedented drop of 9.8% in…
Read More...
Read More...
Bears take a breather after heavy losses, key support at 1.1612 remains in focus
The Euro is consolidating in early Friday’s trading, following 0.6% drop on Thursday (the biggest one-day drop since 19 Aug), as this week’s steep fall broke very important supports, registering weekly drop of 1.5% so far.
Thursday’s close…
Read More...
Read More...
Dollar index rises to three-week high, fueled by global risk aversion
The dollar index rose further on Thursday, as strong bullish acceleration was fueled global risk aversion amid worsening situation with Covid-19 pandemic in the US and Europe as well as rising uncertainty over talks about new US stimulus…
Read More...
Read More...
US economy makes record growth in third quarter
The US economy grew at its fastest pace on record in the third quarter, as the government’s $3 trillion stimulus package strongly boosted consumer spending.
According to data released by the Commerce Department on Thursday, gross…
Read More...
Read More...
Crude oil collapses on growing demand fears
WTI oil extends steep fall into second day, being down 4.5% so far today, after 4.1% drop on Wednesday.
Today’s bearish extension broke below key support at $36.11 (08 Sep low) and hit new 4 ½-month low at 35.35.
Fresh weakness was…
Read More...
Read More...
The Euro remains under pressure and could fall further on dovish ECB
The Euro remains at the back foot on Thursday, holding in red for the fourth straight day, after Wednesday’s action was rejected above pivotal Fibo support at 1.1714 (61.8% of 1.1612/1.1880) and subsequent bounce and narrow consolidation…
Read More...
Read More...