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EUR/USD

Now that the US administration has extracted some concessions from China on trade and moved negotiations onto a more extended timeline, it could turn its attention to pressuring Europe to reduce its trade surplus with the US.
Any increase in tensions between the US and the EU may be seen as undermining business confidence and delaying ECB QE exit.
That may dampen a quick or full recovery in the EUR is the risk of increasing tension between the US and the EU over Iran sanctions and trade.
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EUR/USD

Will EUR/USD continue falling? A lot will depend on the ECB meeting minutes released this Thu with some members wanting the ECB to pre-announce the end of bond-buying after the current scheme ends in Sep'18. However, our friend old Draghi wants to keep pressure on as inflation remains low and he is openly doing all he can to drive down and to keep the Euro low. He has not much success in doing that as the Euro seems to be high on something.
Market essentially consolidated throughout last week – …
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EUR/USD

A sharp rise, over a short period of time, in EUR/USD above 1.25 would test the ECB’s ‘pain threshold’. However, this is unlikely in the absence of any disorderly Eurozone bond market moves or an externally driven downturn in the global risk environment. The EUR could gain more ground before it becomes a cause for concern for the ECB.
The next major catalyst for a move higher will be when markets position for higher ECB deposit rates which could see EUR/USD rallying to 1.25 by summer 2018.
For t…
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EUR/USD

The world's most popular currency pair has few periods of volatility in 2017 but during the year end long holidays season, the Euro rallied up to the 1.198-1.199 levels and stayed there to usher in the new year. The saying "When nothing happens, EUR/USD rises" is all so true!
So, big question on Traders mind is: Where will EUR/USD go in 2018?
That is a difficult question to answer with any certainty because of many factors in the Euro Zone and the United States geopolitical arena. For example: p…
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EUR/USD

EUR/USD pair trimmed some of its early gains and has now retreated around 20-25 pips from the vicinity of the 1.1800 levels.
A sharper-than-expected retracement in German ZEW economic sentiment index, coming in at 17.4 for Dec'19 as compared to previous month's 18.7, was further seen weighing on EUR/USD today.
Focus is on the highly-anticipated FOMC decision, which along with the ECB announcement on Thu'17, would help investors determine the pair's next leg of directional move.
My personal view …
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EUR/USD

EUR/USD extended bearish slide through the mid-European session and dropped to 2-1/2 week lows.Optimism over major US tax reform plan and passage of the funding bill to avert a government shutdown continued underpinning the US Dollar and has been one of the key factors weighing on the major.Incoming US labor market data, including the latest ADP report on private sector employment and initial jobless claims remained supportive for an eventual Fed rate hike move at next week's meeting.
A good pi…
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More EUR/USD

EUR/USD stays on the defensive for the 5th consecutive session today, always on the back of the persistent demand for the greenback, which keeps pushing higher to multi-day peaks when tracked by the US Dollar Index (DXY). Extra support for the buck emerged after the Senate passed the tax reform bill earlier in the week, while in line results from the ADP report on Wednesday has also collaborated with the upbeat mood around USD.
The pair is losing 0.05% at 1.1789 facing the next support at 1.1781…
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EUR/USD

EUR/USD retains its bearish stance heading into the Asian opening, below its 100 SMA in the daily chart for the first time in 3 weeks. On shorter term 4 hours chart, the risk also leans towards the downside as price has fallen further below its 20 and 100 SMAs, with the shortest gaining downward traction above the largest, as it continue to near oversold territory. 1.1820-30 region is now the immediate resistance ahead of the 1.1870 price zone where selling interest capped the upside at the st…
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