Dollar modesty higher after jobs report but what technical levels are key going forward

What the charts are saying now and going into next week’s trading The US dollar is modestly higher after the better than expected jobs report but off the initial spike levels.  EURUSD: The EURUSD fell to a low of 1.1755 but has bounced back to 1.1768 currently.  The pair trades between the 200 hour MA […]

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Facing public pressure, palm oil firms are going green: study

© Reuters. FILE PHOTO: A worker arranges palm oil fruit bunches on a truck at a factory in Tanjung Karang By Maytaal Angel LONDON (Reuters) – Of the seven commodities sectors driving deforestation, palm oil companies are doing the most to alleviate their environmental impact following years of public pressure, a study by a global […]

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Going all-in? Investors’ cash levels dip to 2013 pre-taper-tantrum levels

© Reuters. The front facade of the NYSE is seen in New York By Thyagaraju Adinarayan LONDON (Reuters) – Cash levels in investment portfolios have hit the lowest since just before the so-called taper tantrum of 2013, according to Bank of America (NYSE:)’s February fund manager survey, which also showed investors to be overwhelmingly bullish […]

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Cable trims to decline as it looks to keep the uptrend going

Steady as she goes Cable is 45 pips above the session low and set for the highest weekly close since May 2018. It had a setback today after touching a two-and-a-half year intraday high today but the market is taking the soft PMI and retail sales numbers in stride. It’s another example of the market’s […]

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California needs forests to fight climate change, but they are going up in smoke

By Nichola Groom LOS ANGELES (Reuters) – California’s record wildfires pose a problem for the state’s plan to use its forests to help offset climate-warming emissions. It is unclear how much California’s plan for becoming carbon-neutral by 2045 depends on its forests. But as climate change fuels increasingly frequent and intense blazes, any plan that […]

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USDJPY traders set the 100 hour MA as barometer going forward

The MA line held support in trading today The price action is limited as the US and Canada are on holiday (and that tends to influence trading activity globally).  The USDJPY range today is only 25 pips. The average over the last 22 trading days (about a calendar month) is 67 pips.   So what can […]

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‘Let’s get going’: UK tells businesses to prepare for Brexit crunch

© Reuters. FILE PHOTO: Michael Gove arrives at Downing Street in London By Paul Sandle LONDON (Reuters) – Britain is urging businesses and individuals to prepare for the Dec. 31 end of the Brexit transition period with an information campaign titled: “The UK’s new start: let’s get going.” Britain left the European Union on Jan. […]

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Australian state sees a coronavirus surge – ‘strict lockdown’ no going out in place

Cases of COVID-19 have been climbing all week in Australia’s second most populous city of Melbourne. The count of new cases has been hovering around 70 for the past days but the latest update is 108 new cases (biggest jump in more than 3 months). Two more postcodes (a postcode covers multiple suburbs) have gone […]

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