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The US dollar retreats

US dollar starts 2021 in the red The US dollar is on the back foot in Asia today, following strong manufacturing PMI’s from across the region, raising economic recovery hopes. The dollar index has fallen 0.27% to 89.69, with support at 89.50 nearby—a daily close below 89.50 openings up further losse

Asia trades mixed after US declines, modest moves seen

Asia Market Update:Asia trades mixed after US declines, modest moves seen; Big CN telecoms rebound on NYSE delisting reversal; Yuan extends gain, later pares rise; Georgia runoff still in focus. General Trend - Hang Seng TECH index drops, Alibaba drops as the press speculates on the whereabouts of J

Oil prices slip before OPEC+ resumes meeting on Feb output levels

SINGAPORE (Reuters) -Oil prices edged down on Tuesday before deadlocked talks between major producers about potential changes in February output are set to continue later in the day while fuel demand concerns lingered amid new COVID-19 lockdowns. Brent crude futures for March fell 12 cents, or 0.2%,

EUR/GBP bid as UK battles new coronavirus variant

EUR/GBP remains bid after closing above 0.90 on Monday. UK's coronavirus lockdown restrictions weigh over the British pound. Sterling is losing ground against its Eurozone counterpart, pushing EUR/GBP higher, with the UK imposing stricter restrictions to control the spread of the new coronavirus var

(DAILY NOTION): Is a Correction Up Next for BTC/USD? Next Mover: U.S. Georgia Senate Runoff Elections

Source: Yahoo Finance BTC/USD had a rather tumultuous run on the first Monday of 2021, as it experienced a sharp decline below $29,000. However, the BTC/USD bulls gained momentum to climb up again and at this time, has managed to reach $32,781.59. The present Relative Strength Index is at 80, signal

Rising equities and slumping dollar greet the new year

Overview: The first day of the New Year, but it feels a lot like last year. The dollar is under pressure, and equities are higher. Outside of Japan and Malaysia, The MSCI Asia Pacific Index extended last week's 3.6% gain. It has not rallied for seven consecutive sessions. Led by mining and energy, E

China: Economic recovery stays intact – UOB

Ho Woei Chen, CFA, Economist at UOB Group, assesses the latest PMI data in China. Key Quotes “Both the manufacturing and non-manufacturing Purchasing Manager’s Index (PMI) from China Federation of Logistics & Purchasing (CFLP) softened in December. The manufacturing PMI eased from more than 3-ye

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

AUD/USD: Next target is now at 0.7760 – UOB

In opinion of FX Strategists at UOB Group, AUD/USD faces strong resistance at the 0.7760 region. Key Quotes 24-hour view: “AUD surged to a high of 0.7743 last Thursday (31 Dec) before retreating quickly to end the day a tad higher at 0.7693 (+0.09%). The rapid pull-back amid overbought conditions su

AUD/USD wavers around 0.7700 after 2020’s strong run-up

AUD/USD consolidates recent gains amid a lack of major catalyst during early Asia. Nancy Pelosi’s re-election as House Speaker and hopes of Democratic victory in Georgia’s runoff propel US stimulus hopes. Virus conditions probe the bulls but vaccines tame the bears. Chain’s Caixin Manufacturing PMI,

(DAILY NOTION): US30, NAS100, and SPX500 Closed Higher, Will This Trend Continue? Next Mover: New Covid-19 cases, U.S. Pandemic Relief Cheques

NASDAQ 100 (as of Dec 31, 2020 at 2.30 p.m.) Source: Yahoo Finance SPX 500 (as of Dec 31, 2020 at 2.30 p.m.) Source: Yahoo Finance US30 (as of Dec 31, 2020 at 2.30 p.m.) Source: Yahoo Finance After a lacklustre result, the three major indices on Wall Street managed to close higher. The US30 moved up

Wall St Week Ahead-Investors bullish on stocks, hoping for a brighter 2021

NEW YORK, Dec 31 (Reuters) - U.S. stocks are closing 2020 on a strong note, and many investors are betting the party will continue after a tumultuous year that marked both the end of the longest bull market and the shortest-lived bear market ever. Risks abound, including a resurgent coronavirus pand

World’s First Physical Cryptocurrency Bank Opens in India

Photo: FM The cryptocurrency market is flourishing in India despite the regulatory uncertainty. Unicas, a joint venture between the financial services companies Cahsaa and United Multistate Credit Cooperative Society, announced the launch of the world’s first physical branch of a cryptocurrency bank

Dollar hits two-year lows as traders ignore U.S. stimulus delays

LONDON (Reuters) - The dollar sunk to its lowest in more than two years in Asian trading on Wednesday and riskier currencies surged, as investors looked past the latest delay in U.S. fiscal stimulus and bet that global market risk appetite would increase in 2021. U.S. Senate Majority Leader Mitch Mc

AUD/USD Outperforms, EUR/USD Sets New 2-Year High

Key Highlights AUD/USD is holding gains above the 0.7550 support zone. A crucial bullish trend line is forming with support near 0.7550 on the 4-hours chart. EUR/USD extended gains and traded to a new 2-year high above 1.2270. NZD/USD is also showing positive signs above 0.7100. AUD/USD Technical An

Pull-up Update