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Dollar gets respite as virus surge, Georgia runoffs curb risk sentiment

The UK has issued stay at home orders for citizens as it goes into a lockdown which is expected to last until mid-February. The UK has seen more than 50000 cases a day for 7 straight days which has prompted these new restrictions. The Sterling fell about 150 pips overnight from close to 1.37. The Ge

Post-Brexit and the UK economy: How will the pound fare in a covid vaccine world?

A Brexit deal was finally agreed upon on Christmas Eve. The pound is hesitating to move higher on Brexit latest news and we look at why it may not do so for the foreseeable future. Coronavirus has hamstrung UK growth and economic recovery prospects, buoying EUR/GBP. The announcements of a deal from

UPDATE 1-Fed's Evans says monetary policy 'well-positioned' now

(Adds Evans remarks, background) Jan 4 (Reuters) - Chicago Federal Reserve President Charles Evans on Monday said the U.S. central bank’s current policy stance is “well-positioned” and that by springtime it would become clearer if or how the Fed needs to adjust its asset purchase program. “Our curre

Turkey's Manufacturing Sector Growth Weakens In December

Turkey's manufacturing sector growth weakened in December, survey results from IHS Markit showed Monday. The headline Istanbul Chamber of Industry Turkey manufacturing Purchasing Managers' Index dropped to 50.8 in December from 51.4 in November. Although the reading was above the 50.0 neutral, the s

Is Now the Right Time to Buy Bitcoin?

Photo: FM After surpassing $34,000 yesterday, Bitcoin hit yet another record high–the latest of many in December. Some analysts are betting that Bitcoin isn’t going to stop anytime soon. Therefore, it may be some time yet before hopeful buyers can jump into BTC at a lower price. via CoinMarketCap Fo

EUR/USD Forecast: New year, new highs? Not so fast, three dark clouds may trigger setback

EUR/USD has kicked off 2021 by resuming its gains amid dollar weakness. Concerns about covid variants, slow vaccine distribution, and Georgia's special elections may bring it down. Monday's four-hour chart is showing a moderately bullish picture. "Nothing changes on New Year's Day" – these from U2's

Euro zone manufacturing ends 2020 on high as German factories hum -PMIs

LONDON (Reuters) - Manufacturers in the euro zone ended 2020 on a high, with activity in the sector increasing at its fastest pace since mid-2018, suggesting the bloc’s economy was less hard hit by the pandemic than earlier in the year, a survey showed. Germany was again the driving force and in con

EUR/USD Forecast: Corrective pullback is likely to remain supported near 1.2130-25 area

EUR/USD witnessed some profit-taking on the last trading day of the year. Bearish sentiment surrounding the USD helped limit any meaningful slide. Investors now eye final Manufacturing PMI prints for some trading impetus. The EUR/USD pair struggled to find acceptance above the 1.2300 mark and witnes

CHF/JPY Price Analysis: Bulls looking for break of 117 level

CHF/JPY is on the verge of a bullish continuation. Monthly, weekly and daily charts align for upside extension. CHF/JPY is in a bullish environment on the lower time frames which coincide with a confluence of market structure from a longer-term perspective. The following is a top-down analysis that

Euro Falls As U.S Tariffs, Tighter Restrictions Weigh

The euro dropped against its major counterparts during the European session on Thursday, as European stocks fell on the last trading day of the year, with markets in Germany, Switzerland and Italy closed for the New Year Eve holiday. Trading volumes were light as many traders were away from their de

EUR/USD snaps 4-day winning streak, gains more than 9% in 2020

EUR/USD is posting modest daily losses on Thursday. Profit-taking ahead of the New Year holiday seems to be weighing on the EUR. EUR/USD is up more than 2% for the second straight month in December. After closing the previous four trading days in the positive territory, the EUR/USD pair edged slight

Hedge fund Alden Global offers to buy Tribune Publishing

(Reuters) - Tribune Publishing Co’s largest shareholder, Alden Global Capital, said on Thursday it had offered to take full control of the owner of the Chicago Tribune in a deal that values the company at $520.6 million. Alden, known for its hostile takeover bids of publishing companies, has a stake

Analisis Harga EUR/USD: Dalam Tawaran Beli Dekat Puncak Multi-Bulan Di Sekitar 1,2300

EUR/USD naik untuk hari keempat berturut-turut sambil menyelidiki level tertinggi sejak April 2018.Perdagangan berkelanjutan di atas SMA 10 hari dan garis support delapan minggu mendukung pembeli. EUR/USD menyentuh level tertinggi 32-bulan, yang dicapai di hari sebelumnya, sementara bergerak ke 1,23

Exclusive: Mexican finance minister picks holes in central bank cash bill

MEXICO CITY (Reuters) - Mexican Finance Minister Arturo Herrera on Wednesday criticized a controversial bill proposed by the country’s ruling party that would force the central bank to buy foreign cash commercial banks are unable to return to the financial system. Proponents of the legislation, whic

High Volume Surge Propels Bitcoin's Price to $29,000

Photo: Coin Telegraph (Coin Telegraph) - Within the last hour, Bitcoin's price rallied to set a new all-time high at $29,000. On Dec 29, Bitcoin price attempted to push through a stiff resistance cluster at $28,500, but after rallying to $28,600 the price rejected with a sharp correction to $2

Pull-up Update