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Fundamental Analysis
EURUSD
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[QUOTE="Terry_8, post: 186096, member: 65834"] EURUSD GAINS AMID PREVAILING RISK-ON SENTIMENTS, EYES ON US ISM MANUFACTURING PMI [ATTACH type="full"]17016[/ATTACH] EURUSD nudges higher in response to the prevailing risk-on sentiments in the market ahead of the London open. The House Speaker Nancy Pelosi and Treasury Secretary Steven Munchin emphasized continuing the talks over the additional US stimulus relief package that aims to support the economy suffering from the devastating effects of the coronavirus pandemic. The Optimism over the US stimulus boosted the market mood, thus leading to gain in riskier Assets, including EURUSD. As of now, the currency pair is trading at 1.1743, up by 0.20%. Coming onto the previous session, the currency pair dipped to the 1.1684 level amid worries over the surging coronavirus cases across Europe that prompted the government to impose tighter restrictions. In addition to that, the US published upbeat data wherein the ADP Non-Farm Employment Change came at 749K versus the forecast of 650K and, the Pending Home Sales data stood at 8.8%, much better than the market expectation of 3.1%. However, later in the day, the pair managed to bounce from the day’s low amid hopes of additional US coronavirus relief package. Subsequently, the pair settled the day at 1.1719, down by 0.20%. Moving ahead, investors can take cues from the German and French Manufacturing PMI reports that could lead to volatility in the pair. On the other hand, the US will publish Personal Spending data, Unemployment Claims report, and ISM Manufacturing PMI data SOURCE FXVIEW FB: [URL="http://www.facebook.com/fxviewdotcom/posts/222505309291843"]www.facebook.com/fxviewdotcom/posts/222505309291843[/URL] [/QUOTE]
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