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EURUSD – Can Euro Extend Gains Vs US Dollar Towards 1.0600?

Key Points

  • The Euro after tumbling towards 1.0528 against the US Dollar found support, and recovered.
  • The EURUSD pair broke two bearish trend lines with resistance near 1.0545 formed on the hourly chart.
  • Today in the Euro Zone, the French Read More →

USD and FX Carry Gain In Bear Flattening – BofA Merrill

Looking at the 33 Fed hikes since 1994, BofAML notes that bear flattening moves following Fed hikes saw rallies in USD and risk assets and selloffs in "safe" assets.

It is notable, according to BofAML, that "the USD gains Read More →

Gold Price Looks To Extend Losses Vs US Dollar

Key Points

  • There was a sharp downside in gold price, pushing it below the $1220 support vs the US Dollar.
  • There are a couple of bearish trend lines formed on the hourly chart with resistance near $1220.
  • Today in China, Read More →

GBP: PM In Second Defeat On Article 50 Bill: EUR/GBP En-Route To 0.87 – Danske

Tonight, the UK government suffered its second defeat in the House of Lords in less than a week, as the Lords voted for an amendment to the EU bill demanding a ‘meaningful vote’ on the final Brexit deal (366 voted Read More →