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White House considers lifting European travel restrictions – Reuters

The White House is mulling lifting entry bans for most non-US citizens from Brazil, Britain, Ireland and 26 other European countries Reuters reports, citing five US and airline officials.   more to come …

Silver Price Analysis: XAG/USD struggles to justify Wednesday’s spinning top above $23.00

Silver prints mild gains after bouncing off the two-month-old support line. Candlestick suggests traders’ indecisiveness unless breaking 100-day EMA. Sellers can eye October low following the support line break. Silver prices rise to $23.39, up 0.39% intraday, amid Thursday’s Asian session. The white metal flashed a bullish spinning top, suggesting the traders’ indecision, the previous

USD/JPY: Rebound stalls near 104.50 amid Thanksgiving light trading

USD/JPY’s bounce loses still in Asia on Thanksgiving Day. DXY wallows in two-month lows on mixed US data, covid surge. Cautious optimism to keep the pair in a familiar range around 104.50. USD/JPY stalls its overnight bounce just shy of the 104.50 level in early Asia, as the bulls lack follow-through amid holiday-thinned market conditions.

S&P 500 Futures holds above 3,600 despite virus woes, fears of US-China tussle on Thanksgiving Day

S&P 500 Futures trim recent losses from the two-week high flashed the previous day. Global covid cases cross 60 million, China delivers half of trade promises to the US in 10 months. US blacklists four Chinese, Russian companies concerning Iran missile program, Brexit jitters continue. Light calendar and US Holiday can bore the traders. S&P

USD/TRY Price Analysis: Slips below 8.0000 as 200-bar SMA guards immediate upside

USD/TRY extends the previous day’s downward trajectory, wavers around the day’s low off-late. MACD flirts with the bears, weekly support line challenge further downside. USD/TRY eases to 7.9314, down 0.28% intraday, during Thursday’s Asian session. In doing so, the pair extends Wednesday’s pullback from 200-bar SMA as MACD eases towards the red. However, an upward

OBR: A no-deal Brexit is likely to shave extra 2% off the UK GDP

The latest forecasts published by the Office for Budget Responsibility (OBR) Wednesday showed that the UK Gross Domestic Product (GDP) could be shaved off by 2% if the Kingdom and European Union (EU) fail to strike a Brexit trade deal. Key takeaways “This (no deal) would further reduce output by 2% initially and 1.5% at the

Gold: Upside bias still persist amid supportive fundamentals – Credit Suisse

Despite the latest downslide in gold to four-month lows of $1800, analysts at Credit Suisse still see the metal on the higher, as the fundamentals remain supportive. Key quotes “The decline in prices is mere ‘bump in the road’.” “The factors that supported the rise in price remain in place: monetary and fiscal policy remain

GBP/USD probes weekly highs under 1.3400, backs off for now

GBP/USD rallied as high as the mid-1.3390s on Wednesday, but has since eased off back to close to 1.3380. The pair is eyeing a test of highs set on Monday at 1.3398, ahead of a test of the psychologically important 1.3400 level. On Wednesday, GBP/USD fell as low as 1.3310 during the European morning session,

WTI reverses the pullback from multi-day high to attack $46.00

WTI bounces off $45.51, near the highest since March 06 flashed the previous day. Weekly data suggested EIA marked a surprise draw in inventories, Baker Hughes signaled an increase in rig US counts. The US sanctions four companies from Russia, China concerning Iran’s missile program. US dollar performance, risk news will be the key. WTI

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