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Showing posts from July, 2019

Forex Insight 03-July-2019

EURUSD EUR/USD is consolidating in the lower end of the weekly range around 1.1280 as market participants continue to adjust to the appointment of IMF’s Christine Lagarde to succeed  Mario Draghi  at ECB. EUR/USD comes under pressure near 1.1280. Yields of the 10-year Bund drop to all time lows near 0.40% The renewed dovish stance from the  ECB  and USD-dynamics should dictate the price action around the pair in the near term, helped at the same time by the broad risk-appetite trends and the recent positive developments from the US-China trade front.  USDJPY USD/JPY struggles near weekly lows, just above mid-107.00s Reviving safe-haven demand benefits the JPY and keeps exerting downward pressure.  USD/JPY struggles near weekly lows, just above mid-107.00s Having failed to capitalize on the weekly bullish gap, the pair remained under some selling pressure for the second consecutive session. The latest optimism over the US-China tra...