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The Euro again in positive territory….

 Good Morning,   – The Euro again in positive territory and test 1.38 for one more time. The dollar hit a five-year high against the yen at 105 level on Thursday – Asian shares: Japan’s Nikkei 0.03%, Hong Kong’s Hang Seng 0.27%, Korea’s Kospi  0.15%, Australia’s ASX 200 -0.03% and China’s Shanghai  1.36%. – U.S. […]

Market Recap – EU budget

EU leaders are gathering in Brussels to discuss on the EU budget. The exercise gets hard, as the budget will be short of UK’s contributions (-€70bn over the next 5 years). I quick decision seems unlikely. Rebates enjoyed by some countries, different thinking of net payers and net receivers, finding funds for farmers, infrastructure & […]

Trading View on EURUSD

Markets will be concentrating on Catalonia and how the region is going to operate during the current week. The Spanish central government has obtained the command of the region and dismissed the local government. The stressed state appears to be pressing the euro. The pair was hammered the prior week after Draghi vowed that the ECB’s […]