Market News

Dollar Downtrend Continues after Powell’s Peaceful Statement
February 25, 2021

Dollar Downtrend Continues after Powell’s Peaceful Statement   The Dollar dropped on Thursday near a three-year low against the Australian dollar and Canadian dollar after Federal Reserve Chairman Jerome Powell continued his semi-annual testimony to Congress on Wednesday restated the statement that the central bank will not tighten the policy until the U.S economy improves,

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Pound Outshines against Euro Since 2015
February 24, 2021

Pound Outshines against Euro Since 2015   The British pound hold on to its winning situation in 5 and half years after the Telegraph published the report stating the fastest exit from lockdown as U.K vaccination rollout seems to be better than expected. The euro fell to 0.8% to 85.41 pence tumbling to the ninth

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GBP/USD prevails limited in a range, moves little post-UK jobs data
February 23, 2021

GBP/USD prevails limited in a range, moves little post-UK jobs data GBP/USD was seen consolidating its recent strong profits to the highest level in three years. Better-than-expected UK jobs data did little to provide any impulsion in the middle of overbought RSI. The prevailing USD gets rid of bias plans to soothe lockdown in the

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Unexpected Jobs Data halt Safe-haven Dollar Momentum
February 19, 2021

Unexpected Jobs Data halt Safe-haven Dollar Momentum   The Dollar Steadied after the biggest loss in 10 days following the recent release of disappointing U.S. labor data hampered the hope of ruptured economic recovery from the COVID-19 Pandemic. The U.S. Dollar gradually claiming its Safe-Haven asset position, however, the unexpected inclination of U.S. jobless claims

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European Stock elevated Amid  Economic Recovery Optimism
February 18, 2021

European Stock elevated Amid  Economic Recovery Optimism   European Stock markets climbed higher on Thursday, as investors are concentrating on corporate earnings. After the speedy vaccination rollout all around the globe and the optimism of economic recovery turning around the investors to the stock market creating more interest towards the cyclical stocks. The benchmark Stoxx

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