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Market News
Aussie Retail Sales big beat fends off the bears in AUD/USD

Aussie Retail Sales big beat fends off the bears in AUD/USD

Australia October Retail Sales arrived at +4.9% vs the 2.5% predicted for the month which is a massive beat. Xmas consumers and the covid associated pent-up demand is a probably contributing issue with the country…

Market News
EUR/USD: Recent break of 1.1250 risks an early test of 1.1050-00 area – Westpac

EUR/USD: Recent break of 1.1250 risks an early test of 1.1050-00 area – Westpac

EUR/USD dropped to its lowest degree given that June 2020 at 1.1185 on Wednesday. Renewed restrictions in opposition to resurging COVID-19 instances are outweighing plausible of a shift in European Central Bank (ECB) rhetoric, in…

Market News
Three reasons why equity markets will continue to rise – Natixis

Three reasons why equity markets will continue to rise – Natixis

Equity market indices have risen impressively in the current period. Some traders are worried about this upward shove in share fees and worry a downward correction. Analysts at Natixis accept as true with that on…

Market News
Philippines: BSP shifts to a patient stance, left rates unchanged – UOB

Philippines: BSP shifts to a patient stance, left rates unchanged – UOB

UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting determine the modern financial coverage selection by using the BSP. Key Takeaways “Bangko Sentral ng Pilipinas (BSP) unsurprisingly left the in a single day…

Market News
German IFO’s Economist: Latest fall in IFO index gives us some cause for concern

German IFO’s Economist: Latest fall in IFO index gives us some cause for concern

Following the launch of the German IFO Business Survey, the institute’s Economist Klaus Wohlrabe stated that the “latest fall in IFO index offers us some reason for concern.” Additional quotes Supply chain bottlenecks are placing…

Market News
USD/JPY set to advance nicely towards the 117.00 level – Credit Suisse

USD/JPY set to advance nicely towards the 117.00 level – Credit Suisse

USD/JPY continues a fundamental base and the current consolidation section appears to be coming to an end. This would be demonstrated above 114.70/92, with the subsequent foremost resistance then considered at 117.00/01, analysts at Credit…

Lifestyle
EUR/CHF set to rebound from the key 1.0510/00 support – Credit Suisse

EUR/CHF set to rebound from the key 1.0510/00 support – Credit Suisse

EUR/CHF is getting nearer to important guide degrees at 1.0510/03, which economists at Credit Suisse anticipate to hold. Then, the pair must set up between 1.0510/03 and 1.0704/07. Risk of a draw back breakout to…

Market News
US Dollar Index turns negative after clinching new cycle highs past 96.00

US Dollar Index turns negative after clinching new cycle highs past 96.00

DXY advances previous 96.20 and clinches YTD highs. US yields shed some floor following before tops. Housing Starts, Building Permits, Fedspeak all subsequent in the docket. After hitting clean cycle tops close to 96.20 formerly…

Market News
EUR/JPY: Break above June peak of 134.12 to clear the way towards 2018 high at 137.51 – Commerzbank

EUR/JPY: Break above June peak of 134.12 to clear the way towards 2018 high at 137.51 – Commerzbank

EUR/JPY has bought off to the 2020-2021 uptrend at 129.47. The pair is predicted to leap from right here and bounce as excessive as the 2018 height of 137.51, Karen Jones, Team Head FICC Technical…

Market News
AUD/USD Price Analysis: Teases 0.7360-65 hurdle on RBA Minutes, focus on Gov. Lowe’s speech

AUD/USD Price Analysis: Teases 0.7360-65 hurdle on RBA Minutes, focus on Gov. Lowe’s speech

AUD/USD stays sidelined as RBA Minutes reiterate no fee hike till 2024. Convergence of 100, 50-DMA defend immediately upside, bears want validation from 61.8% Fibonacci retracement. Bearish MACD signals, descending Momentum line maintain agents hopeful.…