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FX news today – To new beginnings!

Markets are returning from the long holiday weekend! The dollar has started the new year with a declining bias, which is of course where it left off last year, wagering the world’s pandemic recovery will drive other currencies higher. 2020 ended on a bullish note for Treasuries and equities. Yields

Treasuries Inch Slightly Higher For Second Straight Day

Treasuries moved slightly higher during trading on Thursday, adding to the uptick seen over the course of the previous session. Bond prices inched higher in morning trading and remained positive throughout the afternoon. As a result, the yield on the benchmark ten-year note, which moves opposite of

UPDATE 1-FTSE 100 set for worst year since 2008 financial crisis

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * FTSE 100 down 14.3% so far in 2020 * Britain tightens COVID-19 restrictions * UK exits EU’s orbit at 2300 GMT * Countrywide surges after accepting buyout offer * FTSE 100 down 1.7%, FTSE 25

(DAILY NOTION) GBP/USD Reached Yearly Highs, Reclaim the 1.3700 Level, Next Mover: U.S. Stimulus

Illustration photo of GBP/USD daily chart from Tradingview GBP/USD is currently trading at around 1.3640, settle at above yearly highs. GBP/USD pushed towards the new 32 months top thanks to the UK Parliament approved the Brexit deal. There isn't any market-moving economic data release from the UK t

Sensex, Nifty Shrug Off Mid-session Setback, Record Fresh Closing Highs

Despite some early weakness and a setback around early afternoon after a modest recovery, the Indian stock market rebounded and closed on a positive note on Wednesday, extending gains to a sixth day. Profit taking contributed to the decline of some frontline stocks, but continued optimism about glob

European stocks calm on final trading days of the year

European stocks were relatively unchanged today as investors focused on the rising coronavirus cases in Europe and the ongoing vaccinations. In Germany, the DAX index traded at 13,736 euros while in the United Kingdom, the FTSE 100 rose slightly to £6,607. On the virus issue, the main UK regulator a

S&P 500 Forecast: Market Continues to Look Towards 3800

The S&P 500 initially tried to rally during the session on Tuesday, but then turned around to form a shooting star. This suggests that we are running into exhaustion, but we are still very much in an uptrend, so we may get an opportunity to pick up a little bit of value. One of the biggest drive

Bitcoin jumps to record $28,600 as 2020 rally reaches new heights

LONDON (Reuters) - Bitcoin on Wednesday jumped to a record $28,599.99, after the digital currency almost quadrupled in value this year amid heightened interest from bigger investors. The world’s most popular cryptocurrency was last up 2.3% at $28,012. It has surged by nearly half since breaking $20,

European stocks rise as AstraZeneca gains on UK vaccine approval

(Reuters) -European stocks inched higher on Wednesday as UK’s approval of AstraZeneca’s COVID-19 vaccine, bets of more U.S. fiscal aid and large-scale vaccination efforts spurred hopes of a strong recovery in the global economy next year. The pan-European STOXX 600 rose 0.2% to hover near a 10-month

USD/TRY: Key Resistance At 7.4050

Pivot (invalidation): 7.4050 Our preference Short positions below 7.4050 with targets at 7.3290 & 7.3000 in extension. Alternative scenario Above 7.4050 look for further upside with 7.4390 & 7.4730 as targets. Comment The upward potential is likely to be limited by the resistance at 7.4050.

USD/JPY: Watch 103.00

Pivot (invalidation): 103.60 Our preference Short positions below 103.60 with targets at 103.20 & 103.00 in extension. Alternative scenario Above 103.60 look for further upside with 103.75 & 103.90 as targets. Comment A break below 103.20 would trigger a drop towards 103.00.

S&P 500 Futures print mild gains above 3,700 even as US Senate argues over stimulus paycheck

S&P 500 Futures retrace the previous day’s pullback from the record top. US Senate Majority Leader McConnell obstructs $2,000 paycheck, Colorado marks first case of covid variant. China to return two Hong Kong activists to their homeland aurhorities, $600 US stimulus payments will start going ou

NASDAQ 100 Forecast: Market Hugging Trendline

The NASDAQ 100 has been very quiet during the trading session on Thursday, as it was most of the week. After all, it was the week of Christmas, so it was going to be very thin as far as volume is concerned and I would not read too much into the price action over the last week. This is a market that

Escaping the 'guillotine': Brexit deal brings relief to French fishermen

BOULOGNE-SUR-MER, France (Reuters) - French trawler owner Bruno Margolle refuses to talk of victory over British fishermen, when European quotas have been cut and will soon be negotiated annually. But for now, the right to keep on fishing deep into British waters brings considerable comfort. Talks o

Elliott wave view: DAX starts a new bullish cycle [Video]

Rally from November 30 low in DAX ended at 13774.45 as an impulse Elliott Wave structure. This 5 waves rally completed wave (1) in Intermediate degree. Pullback in wave (2) has also ended at 13061.40. Index has since resumed higher in wave (3) . It broke above wave (1) high, confirming the next bull

Pull-up Update