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Norway Industrial Expansion Slows Slightly

Norway's manufacturing sector growth remained broadly unchanged in December, defying expectations for a modest improvement, survey data from the logistics association NIMA showed on Monday. The DNB/NIMA purchasing manager's index for the manufacturing sector dropped to 51.9 from 52.0 in November. Ec

China's blue-chip stocks rally on consumer strength; Hong Kong down

* SSEC -0.1%, CSI300 0.6%, HSI -0.3%* HK->Shanghai Connect daily quota used -4.1%, Shanghai->HK daily quota used 10.3% * FTSE China A50 +0.7% SHANGHAI, Jan 5 (Reuters) - China’s blue-chip index extended gains on Tuesday, aided by jumps in consumer stocks, as investors hoped for more measures t

S&P 500, Dow tumble from record highs on nerves over Georgia runoff elections

(Reuters) -Wall Street’s main indexes fell nearly 2% on the first trading day of the year on Monday as nerves over the outcome of runoff elections in Georgia this week countered optimism over a vaccine-driven recovery in the global economy. The Dow was also dragged down by a near 4.3% fall in Boeing

S&P 500, Dow begin 2021 at all-time highs on economic rebound bets

(Reuters) - The S&P 500 and the Dow kicked off 2021 at record levels on Monday, building on a rally that has been powered by hopes of a vaccine-driven recovery in the global economy. The Dow Jones Industrial Average rose 21.0 points, or 0.07%, at the open to 30627.47 and the S&P 500 rose 8.5

US STOCKS-Futures at record highs as rally builds on hopes of economic rebound

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Futures up: Dow 0.60%, S&P 0.55%, Nasdaq 0.45% Jan 4 (Reuters) - U.S. stock index futures pointed to a record opening for the S&P 500 and the Dow in the first trading session of th

Gold Price Analysis: XAU/USD eyes $1942 as the next upside target – Confluence Detector

Kicking-off 2021 on a positive note, gold (XAU/USD) is holding onto weekly highs well above $1900, as the beleaguered US dollar continues to lick its wounds from 2020. Concerns over the coronavirus contagion and the likely tightening of restrictions globally boost the safe-haven appeal of gold. Furt


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E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Inside Move Suggests Investor Indecision

March E-mini NASDAQ-100 Index futures are trading flat to slightly higher shortly after the mid-session on Wednesday, indicating that investors may have packed it in for the New Year’s holiday. Early in the session, the market showed promise as investors bet on a strong economic recovery in 2021 on

GBP/USD Forecast: Pound Struggles at Familiar Level

The British pound initially rallied during the trading session on Tuesday, breaking above the 1.35 handle yet again. However, just as we have seen before, sellers came back into the marketplace and pushed the British pound back below the 1.35 handle. With stimulus coming out the United States, it ma

Australian Dollar 1Q 2021 Forecast Upbeat as RBA Rejects Negative OCR

The Australian Dollar has outperformed its US counterpart throughout the fourth quarter of 2020, with AUD/USD trading at its highest level since June 2018 as the Reserve Bank of Australia (RBA) continues to rule out a negative interest rate policy (NIRP). Coming Soon! Download the NEW 1st Quarter Fo

Gold price touches the channel’s support – Analysis - 23-12-2020

Gold price’s decline stopped at the bullish channel’s support line that appears on the chart, and begins providing positive trades in attempt to move away from this support, motivated by the positive signal provided by stochastic, which makes us suggest witnessing more rise today, waiting to test 18

AUD/USD pierces 0.7640 resistance despite virus woes, US paycheck troubles

AUD/USD takes the bids near intraday high of 0.7641. Sydney rings emergency alerts as second cluster of covid emerges, US marked the first case of covid variant. US policymakers jostle over $2,000 paycheck, China revised down 2019 GDP. China up for releasing two of 12 detained Hong Kong activists. A

Risk on tone continues as UK markets outperform following Brexit deal

Notes/Observations - Muted inter holiday trading session in penultimate full trading day of the year; risk sentiment improved following Congressional action in the US to support stimulus and amicable rhetoric from UK and EU following deal. - EU and China are reported to have advanced negotiations on

GLOBAL MARKETS-Asian shares jump on U.S. stimulus, Japan's Nikkei at 29-yr high

NEW YORK, Dec 28 (Reuters) - Asian shares jumped on Tuesday, with Japanese stocks hitting a 29-year high, as hopes that a long-awaited U.S. pandemic relief package would be expanded and a Brexit trade deal supported investor risk appetites. Japan’s Nikkei leapt 0.9% to its highest since March 1991,

MT5 Now Essential for All Brokers – Says SquaredFinancial

Husam Al Kurdi, Chief Executive Officer, explains why SquaredFinancial is now offering the upgraded platform: “In many ways MT5 was ahead of its time. It has taken 10 years for it to find its place, partly due to the attachment many traders have to MT4. But we are now seeing the benefits it offers a

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