Aussie rises on fresh risk appetite, stronger commodity prices and weaker dollar
The Australian dollar rose to new over three-week high on Thursday, riding on the wave of fresh risk appetite after Fed announced new stimulus of $2.3 trillion in attempts to cushion negative impact to the economy from crisis…
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Breaking: Russia and Saudi Arabia reached a deal on strong production cut
Russia and Saudi Arabia have managed to remove the main obstacles and agreed new deal on oil cuts.
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The dollar index falls on downbeat jobless claims and fresh risk appetite on US stimulus
The dollar fell against the basket of major currencies on Thursday after US jobless claims disappointed again, hitting the levels near historic high and Fed’s new stimulus, worth $2.3 trillion, boosted the risk appetite in the market.
The…
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Breaking: The UK economy could contract as much as 25% – NIESR
The National Institute of Economic and Social Research expects growth to decline by 5% in Q1 2020 and expects that the economy could contract by 15% to 25% in the second quarter if a lockdown continues.
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Breaking: US Federal Reserve rolled out new $2.3 trillion worth effort to support economy
Fed today rolled out a broad $2.3 trillion package to help local governments and small and mid-size businesses in attempt to keep the economy intact during the coronavirus pandemic.
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Breaking: Canada lost 1 million jobs in March, Unemployment rose to 7.8%
Canada's labor data showed that the economy lost record one million jobs in March and unemployment jumped to 7.8% from 5.6% previous month as a result of the first wave of layoffs resulting from COVID 19 pandemic
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Breaking: US Weekly Jobless Claims 6.6 mln vs 5.25 mln forecast
US jobless claims beat expectations and rose near record high, as previous week's result was upward revised to 6.8 million.
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The upside remains capped with risk of fresh weakness if US jobless claims hurt dollar
The pair is moving within the narrow range for the second day, with action being capped by 100DMA (108.96) and falling thin daily cloud.
Daily indicators are bearishly aligned (negative momentum is rising and stochastic heads south) that…
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The Euro stands at the front foot ahead of today’s key events
The Euro edged higher after Wednesday’s fall as bullish momentum on daily chart exists and thin rising daily cloud attracts.
Slight optimism in the market also helps but strong resistances that lay ahead and double recovery failure…
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Slight optimism pushes the price in the upper side of near-term range
Cable remains in green and probes again above 1.24 barrier in early Thursday’s trading, boosted by mild optimism in the market and mixed UK data which did not deteriorate in a grade that was expected.
Fresh advance moved into the upper…
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