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.
The German election will definitely affect the euro's trends.
USD/CAD managed to get below the support at 1.2720 and is trying to settle below the next support at 1.2700.
A failure to hold 1.2185 will indicate the buying is getting weaker and the selling is getting stronger.
Bloomberg data shows that the break-even inflation rate - a measure that draws on inflation-linked expectations - has hit a record high.
Prime 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.
The direction of the NZD/USD on Tuesday is likely to be determined by trader reaction to the first pivot at .7197.
EUR/USD is moving towards the resistance level at 1.2280.
The direction of the February Comex gold market into the close on Monday is likely to be determined by trader reaction to $1933.20.
The weather is expected to be warm in the north and cold in the south
“No one would answer the phone, return e-mails or texts and then it dawned on me. I've been scammed...”
USD/CAD failed to settle below 1.2700 and gained strong upside momentum.
Trader reaction to 1.2310 will set the tone in the market into the close on Monday.
Silver markets have rallied rather significantly during the trading session on Monday to kick off the year, as the US dollar continues to struggle overall.
The forex market is a dynamic one where currency prices are always fluctuating. Thus traders should stay alert to the worst trading times.
Traders remain optimistic ahead of the first trading session of the year.
One new concern for OPEC+ is the change in the balance of risks to oil demand due to the surge in global coronavirus cases.
Japans factory activity ended a record 19-month run of declines in December as output stabilized for the first time in two years.
Bitcoin, the world’s largest crypto currency, topped $34,000, just weeks after passing another major milestone.
AUD/USD gained strong upside momentum and is trying to settle above the nearest resistance level at 0.7730.
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