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Day: September 13, 2021

Bullish Dataset Awaited to Bolster Pound ahead of BoE

Sterling remains the king among major currencies year-to-date thanks to its immediate vaccination landmark at the start of the year, but despite its latest rebound, buying pressures have been inadequate to drive it above the 1.3900 – 1.4000 resistance territory over the past month. With one week to go until the next Bank of England’s …

Bullish Dataset Awaited to Bolster Pound ahead of BoERead More

Greenback Gains Support Early in the Week

Early in another week of September, EUR/USD is significantly falling and trading at 1.1790. The major currency pair started moving downwards after negotiations between American and Chinese Presidents. It was their first conversation in seven months. The key topics discussed were economics and mutual interests, including the areas where the parties are still far away …

Greenback Gains Support Early in the WeekRead More

China’s booming electric car industry is much bigger than just Nio and Xpeng

SAIC-GM-Wuling Automobile Co. electric vehicles are plugged in at charging stations at a roadside parking lot in Liuzhou, China, on Monday, May 17, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — While investors watched dramatic surges in the stock prices of Chinese electric car makers like Nio and Xpeng, tens of thousands of …

China’s booming electric car industry is much bigger than just Nio and XpengRead More

EUR/USD Breaks 1.179 Support as Dollar Rebound Continues

Dollar rebound continues in Asian session today and trades generally high. Weakness in more notable in Aussie and Euro, as both turn soft in crosses. Overall risk sentiment is slightly negative, with particular deep selloff in Hong Kong stocks, but Nikkei remains resilient. The economic calendar is very light today and movements in the currencies …

EUR/USD Breaks 1.179 Support as Dollar Rebound ContinuesRead More