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China's yuan swings from gains to losses as sharp rally unnerves traders

SHANGHAI, Jan 5 (Reuters) - China's yuan swung from strong gains to losses on Tuesday as a robust rise against the U.S. dollar spooked traders and sparked profit-taking, a day after its surging value prompted some market players to question their forecasts for the currency. The yuan rose nearly 7% a

Fiat Chrysler to invest $250 mln in India unit to launch new SUVs

NEW DELHI, Jan 5 (Reuters) - Fiat Chrysler Automobiles NV (FCA) said on Tuesday it will invest $250 million to grow its presence in India with the launch of four new sport-utility vehicles (SUVs) under its Jeep brand over the next two years. The investment will be made to locally manufacture a mid-s

Top 5 Financial Markets to watch in 2021

With 2020 finally over, many have already started looking towards the next 12 months in search of new storylines and trading opportunities. Although storylines such as Brexit, and the U.S. Election will be left in 2020, the main storyline which captivated markets last year was the global health cris

Profit by Following

512.71 USD
  • Symbol EUR/USD
  • Trading Account #2 230759366
  • Broker FBS
  • Open/Close price 1.23046/1.22745
  • Volume Sell 10 Flots
  • Profit 3,010.00 USD

Construction spending increases strongly in November

WASHINGTON, Jan 4 (Reuters) - U.S. construction spending rose solidly in November, boosted by a robust housing market amid historically low mortgage rates. The Commerce Department said on Monday that construction spending increased 0.9% in November. Data for October was revised higher to show constr

Asian Shares Rise On Recovery Hopes

Asian stocks rose broadly on Monday after regional business surveys showed Asian factory activity expanded moderately in December, thanks to robust demand in regional giant China. Chinese shares rose as the latest survey from Caixin revealed the manufacturing sector in China continued to expand in D

Germany: Government, states agree on extending lockdown until January 31 – Bild

The German government and states have agreed on extending the coronavirus lockdown until the end of January, Reuters reported on Monday, citing German newspaper Bild. Earlier in the day, the Robert Koch Institute (RKI) said that there were 9,847 confirmed infections and 302 COVID-19-related fataliti

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

GBP/USD faces rejection at 1.37 amid Brexit, covid concerns

GBP/USD recedes from fresh 32-month high amid US dollar’s corrective pullback. Cracks in Brexit deal, fears of third national lockdown probe cable buyers. Oxford begins AstraZeneca vaccinations, government emergency meeting eyed. US-China tussle, Brexit and second readings of December’s activity num

Weekly trade idea on EUR/USD. NFP

Week: 4-8.01.2020 Key event: USD. Non-Farm Payroll The number of new jobs created during the previous month, in all non-agricultural business. The monthly changes in payrolls can be extremely volatile, due to its high relation with economic policy decisions made by the Central Bank. We expect a lowe
(Reuters) U.S. May Cut Some COVID Vaccine Doses in Half to Speed Rollout. - Jan 4, 2021.#CoronavirusVaccine##moderna##Pfizer##FlashNews#

Asian shares hover near record high, risk currencies in favor

NEW YORK (Reuters) - Asian shares are set to end a tumultuous 2020 by hovering near record highs on Thursday while riskier currencies cruised near 2-1/2-year peaks, buoyed by hopes that COVID-19 vaccine rollouts will help the world beat the pandemic. The upbeat mood, reflected in overnight gains on

Europe strikes major investment deal with China despite US concerns

London/Hong Kong (CNN Business)Europe has finalized an investment agreement with China that is designed to rebalance trade with the world's second largest economy, despite US concerns that the deal could be counterproductive. Brussels and Beijing have been negotiating the Comprehensive Agreement on

British pound rallies past 1.36

The British pound continues to register gains. Currently, the pair is trading at 1.3602, up 0.74% on the day. Pound closes in on 2½ year high The week of Christmas is always marked by thin liquidity, which means that the markets are vulnerable to volatility. This has been the case with the British p

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