Chancellor of the Exchequer Rishi Sunak announced 4.6 billion pounds ($6.2 billion) of emergency support to help U.K. businesses survive a third lockdown that threatens to plunge the economy into a sharp double-dip recession.
IndustryThe German election will definitely affect the euro's trends.
NewsUSD/CAD managed to get below the support at 1.2720 and is trying to settle below the next support at 1.2700.
IndustryA failure to hold 1.2185 will indicate the buying is getting weaker and the selling is getting stronger.
IndustryBloomberg data shows that the break-even inflation rate - a measure that draws on inflation-linked expectations - has hit a record high.
NewsPrime Minister Narendra Modi on Monday praised the scientists and technicians for the two ‘Made in India’ Covid-19 vaccines approved by the government a day earlier.
NewsThe direction of the NZD/USD on Tuesday is likely to be determined by trader reaction to the first pivot at .7197.
IndustryEUR/USD is moving towards the resistance level at 1.2280.
IndustryThe direction of the February Comex gold market into the close on Monday is likely to be determined by trader reaction to $1933.20.
IndustryThe weather is expected to be warm in the north and cold in the south
Industry“No one would answer the phone, return e-mails or texts and then it dawned on me. I've been scammed...”
ExposureUSD/CAD failed to settle below 1.2700 and gained strong upside momentum.
IndustryTrader reaction to 1.2310 will set the tone in the market into the close on Monday.
IndustrySilver markets have rallied rather significantly during the trading session on Monday to kick off the year, as the US dollar continues to struggle overall.
IndustryThe forex market is a dynamic one where currency prices are always fluctuating. Thus traders should stay alert to the worst trading times.
NewsTraders remain optimistic ahead of the first trading session of the year.
IndustryOne new concern for OPEC+ is the change in the balance of risks to oil demand due to the surge in global coronavirus cases.
IndustryJapans factory activity ended a record 19-month run of declines in December as output stabilized for the first time in two years.
IndustryBitcoin, the world’s largest crypto currency, topped $34,000, just weeks after passing another major milestone.
NewsAUD/USD gained strong upside momentum and is trying to settle above the nearest resistance level at 0.7730.
Industry
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