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GBP/USD Forecast: Pound Starts the Year by Getting Hammered

The British pound initially tried to rally during the trading session on Monday, and even broke a bit higher during the day as it peaked above the 1.37 handle. However, we have seen this market break down significantly since then, as Boris Johnson is set to announce more lockdowns in the United King

'Clean shift' as euro share trading exits London for EU

LONDON (Reuters) - The biggest shift in European share trading in two decades was proceeding smoothly on Monday, on the first day of business since Britain left the European Union’s single market. While a Brexit trade deal agreed last month set rules for industries such as fishing and agriculture, i

ETHUSD Breaks $1,000

Ethereum is surging higher on Monday, with second-largest cryptocurrency easily breaking past the psychological $1,000 resistance level. Technical analysis shows that ETHUSD bulls could be targeting the cryptocurrencies all-time high, around the $1,400 level. The monthly time frame shows than an ext

USD/CHF bears flirt with multi-year lows, looking to extend the slide below 0.8800

The prevalent USD bearish sentiment prompted some fresh selling around USD/CHF on Monday. The upbeat market mood did little to weigh on the safe-haven CHF or lend any support to the pair. The USD/CHF pair inched back closer to multi-year lows, with bears still awaiting a sustained break below the 0.

China says opposes U.S. politicizing trade issues on U.S. delisting of Chinese telcos

BEIJING (Reuters) - China said on Monday it firmly opposes the United States government’s behaviour of politicizing trade issues after the New York Stock Exchange began delisting three Chinese telecom firms that Washington says have military ties. Beijing will adopt the necessary measures to safegua

Week Ahead – Focus on Georgia Senate races and COVID holiday surge

US The week ahead is all about COVID, the Georgia Senate runoff races, and possibly a negative nonfarm payroll reading. The US is already setting daily COVID-19 records ahead of the holiday surge and concerns are high the new COVID-19 strain believed to be more contagious is spreading across the cou

Pembaruan Covid: Lonjakan Terburuk Masih Bisa Terjadi Di Hadapan Kita

PM Jepang, Yoshihide Suga, mempertimbangkan keadaan darurat untuk wilayah Tokyo dan militer Inggris telah dipanggil untuk membantu tanggapan COVID. Sementara itu, negara yang paling terpukul, AS, telah melaporkan rata-rata tujuh hari yang mengejutkan untuk kasus baru sebesar 205.093, menurut Univers

More weakness seen as dollar posts worst year since 2017

NEW YORK (Reuters) - The dollar posted its biggest yearly loss since 2017 on Thursday, capping off a manic year that saw the currency serve as a safe haven in March when panic over the spread of COVID-19 in the United States peaked, before dropping on unprecedented Federal Reserve stimulus. The gree

Pound extends gains on new post-Brexit transition time for swaps trading

LONDON (Reuters) - Sterling extended gains on Thursday, rising as much as 0.6% versus the euro after news that trading platforms in the European Union can be used by UK market participants for up to three more months to avoid disruption to swaps trading. By 1045 GMT, the pound was trading at 89.79 p

USD/JPY Forecast: Pressure on the dollar remains

USD/JPY Current price: 103.17 Coronavirus-related concerns continue to undermine the market’s mood. US Initial Jobless Claims are foreseen at 833K in the week ended December 25. USD/JPY is consolidating losses, has room to extend its slump once below 102.86. The USD/JPY pair trades around 103.15, do

European shares end 2020 in a slump

LONDON (Reuters) - European shares fell on Thursday as lockdowns and rising COVID-19 cases overshadowed the optimism around the rollout of vaccines in the New Year, while the dollar fell to a two-and-a-half-year low. Trading volumes were thin, with many traders away on New Year’s Eve and major Europ

European Equities: China Private Sector PMIs and Capitol Hill to Influence

The Majors It was a bearish day for the European majors on Wednesday, with the EuroStoxx600 falling by 0.34% to lead the way down. The CAC40 and DAX30 weren’t far behind, with losses of 0.22% and 0.31% respectively. With the year coming to an end for the DAX30, investors locked in profits going into

Pound Little Changed After U.K. Nationwide House Price Index

At 2.00 am ET Wednesday, UK Nationwide house price data has been released. Following the data, the pound changed little against its major counterparts. The pound was trading at 139.87 against the yen, 0.9070 against the euro, 1.3538 against the greenback and 1.1948 against the franc around 2:02 am E

Currency markets stay 'risk-on' as dollar hits lowest since 2018

LONDON (Reuters) - The dollar slid to its lowest in more than two years on Wednesday and riskier currencies gained, as investors looked past rising COVID-19 infections and the latest delay in U.S. fiscal stimulus talks to bet on an economic recovery in 2021. Lockdown measures in England will be exte

GBP/NZD Is At The Crossroads

The GBP/NZD is at the crossroads and the price will move either to the upside or bounce lower below resistance. The POC zone is 1.8840-50 and we should see the price moving up as the price is still technically in uptrend. If we see a bounce, targets will be 1.8915, 1.8950 and 1.9011. However, a clos

Pull-up Update