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Fundamental Analysis
EURUSD
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[QUOTE="Terry_8, post: 185235, member: 65834"] EURUSD STRUGGLES TO STAY AFLOAT ABOVE 1.18 HANDLE, FOCUS ON EUROZONE REVISED GDP The single currency slides for the sixth consecutive session versus its US counterpart ahead of the London open. An array of negative sentiments were witnessed among investors in response to the dovish expectations by the European Central Bank and the fresh Brexit tensions. Concerns renewed after media outlets stated that UK’s Prime Minister Boris Johnson intends on modifying the Brexit deal unilaterally which was signed earlier in January. The news weighed on investors sentiments and is keeping bulls at bay for EURUSD. As of now, the currency pair is trading at 1.1808 level, marginally down by 0.03%. Coming onto the previous session, the single currency came into selling pressure owing to the risk-off mood prevailing in the market. This was due to the rising tensions between the US and China following reports that the Trump Administration is planning to impose export restrictions on China’s biggest semiconductor manufacturer. Besides, the German Industrial Production came at 1.2% in July, worse than the market expectation of 4.5%. As a result of which, the pair settled the day at 1.1811, down by 0.20%. Moving ahead, investors can take cues from the Eurozone Final Employment change data and Revised GDP reports slated for today. SOURCE FXVIEW FB: [URL="http://www.facebook.com/fxviewdotcom/posts/215949619947412"]www.facebook.com/fxviewdotcom/posts/215949619947412[/URL] [/QUOTE]
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