Page 18 - Term Technical News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Share: The dollar advances within range on a sour market’s mood. US Q3 GDP was upwardly revised to 33.4% from 33.1% YoY. EUR/USD may extend its decline, but the long-term bullish trend remains intact. The EUR/USD pair traded as high as 1.2256 on Monday, but changed course during US trading hours and settled near a daily low of 1.2155, as the dollar surged on persistent Brexit concerns. Currency pairs are quite volatile in thinned market’s conditions ahead of the Christmas Holidays, and profit taking is also playing a role in this week´s market’s action. Germany published the GFK Consu...

Share: AUD/USD Current Price: 0.7596 A strong bounce in US equities helped AUD/USD to trim most of its intraday losses. Australia will publish the preliminary estimate of November Retail Sales. AUD/USD needs to recover above 0.7640 to recover its bullish potential. The AUD/USD pair gapped lower at the weekly opening, dragged by a dismal market mood, and hit a daily low at 0.7461 before changing course during US trading hours. The pair now trades around 0.7590, bouncing alongside US stocks.  Wall Street plummeted in pre-opening operations but trimmed most of its intraday losses after the clo...

Share: A new, more contagious covid strain spurred risk aversion at the weekly opening. US Senators agreed on a historic $900 billion coronavirus relief package. EUR/USD has bounced from back above 1.2200, the risk is skewed to the upside. The week started in risk-off mode amid concerns about a new coronavirus strain that surged in the UK, which led to an emergency meeting of EU’s authorities. The greenback rallied throughout the first half of the day, with the negative risk-related sentiment cooling down around Wall Street’s opening. The new covid strain seems to be much more contagious,...

Share: The dollar’s sell-off extended, profit-taking may help it ahead of the weekend. US data was mixed, with Initial Jobless Claims up to 885K in the week ended Dec 11. EUR/USD keeps running could correct extreme overbought conditions. The EUR/USD pair peaked at 1.2270, its highest since April 2018 as speculative interest continued to sell the greenback following a dovish US Federal Reserve. The focus remains on a US coronavirus-relief package and Brexit negotiations, which underpin investors´ mood, despite no news on progress in any of them. The dollar remained under selling pressure ...

Share: Upbeat Australian employment figures pushed AUD/USD above 0.7600. AUD/USD at fresh 2-year highs and heading towards the 0.7700 price zone. The AUD/USD pair surged to 0.7639, its highest in over two years during Asian trading hours, following the release of upbeat Australian employment figures. The country added 90K new job positions in November, better than the 50K expected, while the Unemployment rate came in at 6.8%, improving from 7%. Most of the new positions were full-time ones, 84.2K. Despite the broad greenback’s weakness, the pair was unable to extend gains during the last tw...