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EUR/USD trade in a very thin range after French downgrades rumors false…

  Good Morning ,   –  EUR/USD trade in a very thin range (1.3067-1.3093) after French downgrades rumors false. – Asian markets : Japan’s Nikkei +0.67% , China’s Shanghai  -0.05% ,Hong Kong’s Hang Seng  +0.27% , Korea’s Kospi  -0.31%  and Australia’s  ASX 200  +0.38% . – Euro-Area Unemployment Rate rises to record 11.8% amid recession. […]

Spanish bond auction and the ECB meeting are the main eye-catchers…

     Good Morning ,   –   Today, the Spanish bond auction and the ECB meeting are the main eye-catchers, which can spark volatility but are unlikely to change things in a profound way.   –  Asian markets with Japan’s Nikkei Stock Average higher by +0.88%, Hong Kong’s Hang Seng gaining +0.02% and Australia’s S&P/ASX 200 […]

EURUSD is forming a short-term reversal pattern!

EURUSD is under selling pressure because there are reports saying that Martin Schulz, the leader of SPD (Germany’s Social Democrats) is not going for a finance minister. In addition, Ewald Nowotny, ECB’s policymaker, said that the US is deliberately weakening the dollar according to his interview at German Wiener Zeitung newspaper. EURUSD has a relatively […]