Nonfarm Payrolls (NFP) in the US rose by 245,000 in November, the data published by the US Bureau of Labor Statistics showed on Friday. This reading followed October’s increase of 610,000 and missed the market expectation of 469,000 by a wide margin.
Read More »Johnson: We Are at a Very Difficult Point in Talks
British Prime Minister Boris Johnson’s spokesman said on Friday that it will not be possible to reach a deal with the EU if it doesn’t respect the UK’s fundamental principle of taking back control, as reported by Reuters. “PM will work at chequers this weekend, will be in contact with …
Read More »China Comfortable With Yuan Rises as Economy Recovers
Sources told Reuters that policymakers in China are comfortable with the yuan’s rise to its highest level in two and a half years, at a time when the recovery of the world’s second-largest economy accelerates and the central bank gives the market more freedom in determining the currency’s value. But sources …
Read More »UK: New Car Registrations Slip by Only a Quarter in November
New car registrations in Britain fell 27.4% year-on-year in November, industry data released on Friday said, as England spent most of November in its second national lockdown. The Society of Motor Manufacturers and Traders (SMMT) revealed this morning said that sales amounted to 113,781 cars, as an option to buy …
Read More »Euro Breaking Through Resistance levels And Dollar Near Its Lowest Level in Two And a Half Years
Today, Friday, the euro is heading towards recording its best weekly performance in a month and breaching large previous resistance levels as investors flock to bet that the US dollar will decline further as the world begins emerging from the Covid-19 pandemic. And the single European currency is up 1.5% …
Read More »Gold on Track For a Weekly Gain
Gold prices stabilized today, Friday, and is heading towards achieving its first weekly gain in 4 weeks, as the dollar retreated due to growing hopes for an American stimulus, and before the release NFP due at a later time. Today. The gold spot was little changed at $1840.75 an ounce, …
Read More »Energy Sector Leads The Gains in European Equities
European stocks rose on Friday, as energy stocks pushed the leading companies ’index in London to a nine-month high, while Bionics fell after Pfizer cut its target to distribute their Covid-19 vaccines. Britain’s FTSE 100 index gained 0.5% as energy shares advanced after a settlement was reached among OPEC+ members …
Read More »German Industrial Orders Rose More Than Expected in October
Data on Friday showed that German industrial goods orders increased more than expected on a monthly basis in October, raising hopes that the manufacturing sector in Europe’s largest economy started the fourth quarter of the year with a strong performance. Data published by the Federal Statistics Office show that orders …
Read More »Nikkei Down From a Multi-Decade High on Concerns About Vaccine Supplies
The Japanese Nikkei index closed lower today, Friday, to retreat from near its highest level in 29 and a half years, as the risk appetite was negatively affected after the US drugmaker Pfizer said it had lowered the goal of distributing its anti-virus vaccine. The Nikkei index fell 0.22% to …
Read More »Dax Faces Negative Pressure
Negative trades dominate the movements of German Dax, where it found a strong resistance level near 13,320. Technically speaking, by looking at the 60-minute chart, we find the RSI indicator began to gradually lose the bullish momentum accompanied by the stability of trading below 13,280. Consequently, we may witness a …
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