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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

Nikkei slides on virus curbs, uncertainty ahead of U.S. Senate runoffs

TOKYO, Jan 5 (Reuters) - Japanese shares slid on Tuesday as the government looks set to declare a state of emergency to deal with rising COVID-19 infections while uncertainty about Senate runoffs in the U.S. state of Georgia also curbed investors’ risk appetite. Nikkei share average dipped 0.37% to

In sudden reversal, NYSE says will not delist three Chinese telecom firms

(Reuters) -The New York Stock Exchange said it no longer intends to delist three Chinese telecom giants that have been targeted by U.S. President Donald Trump’s outgoing administration, in a shock reversal of an announcement made only last week. Slideshow ( 2 images )The exchange said in a statement
gold oil

Portugal Consumer Prices Fall In December

Portugal's consumer prices declined in December, preliminary data from Statistics Portugal showed on Monday. The consumer price index fell 0.22 percent year-on-year in November, same as seen in November. The core CPI, which excludes energy and unprocessed food products components fell 0.1 percent in

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

(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 the year on Monday, building on a rally that has been powered by hopes of a vaccine-driven recovery in the global economy. Wall Street’s major indexes rounded off 2020 wit

GBP/JPY Another Bounce Is Possible

The GBP/JPY should make a bounce from the 88.6 zone as the price is still technically bullish The POC zone for the GBP/JPY is exactly within 140.12-30. We should see an upmove whichshould be signalled if the price starts to reject from the zone. Targets are 141.42, 141.60 and141.90. Only a drop belo

EUR/GBP refreshes session tops, around 0.8970 region ahead of Eurozone/UK PMIs

EUR/GBP gained some positive traction on Monday and snapped three days of losing streak. The continuous surge in COVID-19 cases in the UK held the GBP bulls from placing fresh bets. The shared currency benefitted from the prevalent USD selling bias and remained supportive. The EUR/GBP cross held on

EXPLAINER-How investors view the Georgia U.S. Senate runoff

NEW YORK, Jan 4 (Reuters) - Investors have been weighing a major political unknown since the November election that could ripple through asset prices: control of the Senate. A flip to Democrat control could put more pressure on the dollar and spark Treasury debt yields higher, while Republicans keep

CANADA STOCKS-TSX falls on weakness in energy, materials stocks

(Adds details; updates prices) Dec 31 (Reuters) - Canada’s main stock index fell on the last trading day of the year on Thursday, weighed down by weakness in materials and energy stocks, while investors focused on fading prospects for bigger U.S. stimulus checks. * The materials sector, which includ

Indian Market Likely To Open Flat

Indian shares are likely to open somewhat flat Thursday morning, tracking mixed cues from Asian markets. A lack of positive news may render the mood cautious and prompt investors to lighten commitments at higher levels. Some volatility is not ruled out. Activity is likely to remain stock specific. F

Silver Spot: Turning Up

Pivot (invalidation): 26.1100 Our preference Long positions above 26.1100 with targets at 26.7700 & 27.0000 in extension. Alternative scenario Below 26.1100 look for further downside with 25.9200 & 25.7400 as targets. Comment The RSI is bullish and calls for further advance.

Canada GDP expected to slow

The Canadian dollar has posted gains on Wednesday, with the North American markets yet to open. Currently, USD/CAD is trading at 1.2868, down 0.31% on the day. Trump threatens veto of stimulus package The financial markets can be forgiven for assuming that the US stimulus bill was a done deal after

South Korea Industrial Production Data Due On Wednesday

South Korea will on Wednesday release November numbers for industrial production and retail sales, highlighting a light day for Asia-Pacific economic activity. Industrial production is expected to add 0.8 percent on month and 1.0 percent on year after sinking 1.2 percent on month and 2.2 percent on

EUR/JPY Mid-Day Outlook

Daily Pivots: (S1) 126.23; (P) 126.59; (R1) 127.14; More…. EUR/JPY’s break of 127.07 resistance suggests resumption of whole rise from 114.42. Intraday bias is back on the upside. Further rise should be seen to 128.67 medium term fibonacci level. On the downside, however, break of 126.04 support wil

Pull-up Update