Euro stands at the front foot ahead of German data, but weak momentum requires caution
The Euro holds positive tone for the third consecutive day and trading above 1.13 mark in early Wednesday, following Tuesday’s close above this barrier.
Risk sentiment on rising optimism of global economic recovery, talks about further US…
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Recovery loses traction despite upbeat PMI numbers
Cable probed briefly above 1.2500 level and hit session high at 1.2512, in immediate reaction to upbeat UK PMI data, but subsequent quick easing signaled that recovery faces strong headwinds.
Data showed significant improve in…
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Euro extends recovery after upbeat Eurozone PMI data
The Euro cracked psychological 1.1300 barrier on jump to one-week high (1.1305) following series of better than expected PMI data from the EU members countries.
Upbeat figures from France, Germany and the Eurozone signal downturn in the…
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Fading haven demand deflates dollar across the board
The dollar index accelerated lower in early US trading on Monday, down 0.5% since opening in Asia, as the greenback’s haven appeal fades.
Renewed optimism about swift recovery, despite persisting fears of the second wave of coronavirus,…
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Risk appetite inflates pound; Tuesday’s UK PMI data in focus for fresh signals
Bears pause above the top of daily cloud after falling 1.4% last week, as risk-sensitive sterling advance on fresh risk appetite on Monday.
Recovery attempts were so far limited by converged 30/55DMA’s (1.2420) as momentum remains negative…
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Optimistic comments fuel recovery by key obstacles still cap
The Australian dollar regained traction and rose near 0.6900 in Asia/Europe on Monday, fueled by comments from RBA Governor Lowe who said that rising currency (Aussie advanced over 20% vs US dollar in the period mid-March / Mid-June) is not…
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