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Euro Talking Points Fresh developments coming out of the Euro area may curb the recent depreciation in EUR/USD as the European Central Bank (ECB) tames speculation for additional monetary support. Fundamental Forecast for Euro: Neutral EUR/USD struggles to preserve the rebound from the monthly low (1.0989) as the United States Trade Representative is in the
Fundamental Australian Dollar Forecast: Bearish The Reserve Bank of Australia is thought unlikely to cut rates, but is likely to sound dovish Australian growth figures may well disappoint given business investment weakness Bullish trade headlines might negate both and boost the Aussie, but they’re unpredictable Find out what retail foreign exchange traders make of the
Early close due to the US holiday The S&P 500 fell 12 points to 3141, finishing just 2 points above the session low. Selling accelerated on reports about more more sanctions on Huawei along with a brutal day in energy. Even with today’s fall, the index posted a sparkling 3.3% climb in the month. ForexLive
Following the recent performance of NZD/USD, FX Strategists at UOB Group now expect the continuation of the sideline trading. Key Quotes 24-hour view: “NZD did not quite ‘probe the 0.6390 support’ as it rebounded after briefly dipping to 0.6402. Momentum indicators are mostly ‘neutral’ and NZD is likely to trade sideways from here. Expected range
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Impact of trade wars on global growth – news and analysis: Politicians, officials and academics are lining up to warn that Trump’s trade wars are reducing the flow of imports and exports. Many also believe that Trump’s trade policies are damaging global economic growth. For the financial markets, fears of the impact have seen stocks
In opinion of Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, Cable keeps the positive view between 1.2768 and 1.3013. Key Quotes “GBP/USD charted an outside day to the topside, Elliot wave counts have turned positive and it is bid in its range between its October high at 1.3013 and the current November
Forex news for Asia trading Thursday 28 November 2019  There were a couple of high-impact news items across the wires today, in close succession. Firstly we got the publication of the much-awaited YouGov/Times MRP poll/model which indicated Boris Johnson’s Conservatives well ahead in the election, to the tune of a 65 seat majority (which, if
Swiss Franc, Gross Domestic Product Data Preview, Talking Points: Growth data are expected to show another month of quarterly deceleration Trade and investment are twin worries for the Swiss economy The Franc is caught between trade war and its own central bank Join our analysts for live, interactive coverage of all major economic data at