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GBP/USD: Key Resistance Turned Support Near 1.3540

Key Highlights GBP/USD traded towards 1.3700 before correcting lower. A key resistance trend line protected gains above 1.3700 on the 4-hours chart. EUR/USD climbed higher sharply after testing the 1.2200 support zone. Gold price started a fresh surge after it broke the $1,900 resistance zone. GBP/U

DIS (Walt Disney): A possible huge move coming across the market

Many stock tickers and Indices across the world are showing five waves within the Grand Super Cycle. Many Elliott Wave practitioners will be looking for a crash or big three waves across the Market. We at EWF always correlate the Market because, in the end, there is only 1 market and they work in sy

Dollar slips as yuan fixing lifts riskier currencies

TOKYO (Reuters) - The dollar fell against major peers on Tuesday as China set the official yuan exchange rate at the strongest since abandoning its peg in 2005, which helped support demand for other units. The Australian dollar led gains in major currencies as the move by the People’s Bank of China

European shares kick off 2021 with rally on Brexit and vaccine optimism

(Reuters) -European shares rallied in the first trading session of the year on Monday, as a landmark Brexit trade deal and coronavirus vaccination campaigns across the continent bolstered expectations of a strong economic rebound. The pan-regional STOXX 600 index gained 0.7% to touch fresh February

U.S. Dollar Falls On Improved Risk Sentiment

The U.S. dollar depreciated against its major counterparts in the European session on Monday, as optimism about the roll out of coronavirus vaccines fueled hopes for global economic recovery. The U.K. has began rolling out the coronavirus vaccine developed by AstraZeneca and the University of Oxford

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

Asia Trades Mostly Higher, Nikkei Lags

General Trend Kospi outperforms; Chipmakers rise, Samsung hits record high; Hyundai Motor, SK Innovation and Samsung SDI rise amid possible battery supply deal Gainers in Australia include Resources, Consumer and Financial firms ; Link Administration declines over 13% on withdrawn takeover offer PBO

Dollar recovers from multi-year lows due to short covering on last trading day of 2020

Although the greenback continued its recent losing streak and fell against majority of its peers in Eurppe on the last trading day of 2020 in thin trading conditions ahead of New Year holiday due to continued risk sentiment, price rebounded in New York session due to profit taking. On the data front

U.S. Dollar Regains Ground On Final Day Of 2020

After seeing early weakness, the value of the U.S. dollar moved higher over the course of the final day of trading of 2020 on Thursday. The U.S. dollar index recovered from an early move to the downside on the day, rising by 0.2 percent to 89.89. The greenback is trading at 103.26 yen versus the 103

China to cut dlr weighting, raise euro in key yuan index basket

SHANGHAI, Dec 31 (Reuters) - China will adjust the weighting of a key yuan index basket in 2021, the country’s foreign exchange trading platform said on late on Thursday. Starting on Jan. 1, the China Foreign Exchange Trade System (CFETS) will reduce the U.S. dollar’s weighting in the CFETS currency

Week Ahead – Georgia election and US jobs report kick off new year

The new year will start with a bang. A crucial runoff election in the state of Georgia will determine which party controls the US Senate, the latest US employment report will tell us how the recovery is progressing, and the minutes of the December Fed meeting will be eyed for clues around the next p

The pandemic isn't over. But you can still get ahead in your career in 2021

You may have had big plans for your career this year. But 2020 had other ideas. So maybe you didn't go on all those business trips, attend conferences or, you know... work in the office and get face time with the boss. But that doesn't mean you can't continue to climb the career ladder. Asking for a

WTI Crude Oil Forecast: Market Quiet Ahead of New Year

The West Texas Intermediate crude oil market initially tried to rally during the trading session on Tuesday but then turned around to form a tiny shooting star. I would not read too much into the candlestick though, because there was not going to be a lot of volume in the market. By trying to read t

Unicaja merger values Liberbank at 763 million euros

MADRID (Reuters) - Spanish lender Unicaja will own 59.5% of the new entity created by its merger with Liberbank, the lenders said on Wednesday, in an deal that valued Liberbank at 763 million euros ($937.12 million). The boards of Unicaja and Liberbank approved on Tuesday a merger in which Unicaja w

UK house prices rise by most in six years - Nationwide

LONDON (Reuters) - British house prices rose faster than expected in December to record their biggest annual increase in six years, as tax incentives and COVID-driven appetite for larger homes continued to boost demand, mortgage lender Nationwide said. House prices rose by 0.8% in December alone, ba

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