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Fundamental Analysis
EURUSD
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[QUOTE="Terry_8, post: 186205, member: 65834"] EURUSD NUDGES HIGHER AMID BETTER MARKET MOOD [ATTACH type="full"]17028[/ATTACH] The single currency edged higher versus its US counterpart in the early Asian trading hours amid signs of Risk-on sentiments that exerted some downward pressure on the perceived safe-haven greenback. The sentiments improved following news that President Donald Trump, who was earlier tested COVID positive, could be released be discharged from the Walter National Military Medical center later in the day. As of now, the currency pair is trading at 1.1732, representing gains of 0.16%. Meanwhile, the number of coronavirus cases are increasing across Europe that has led the Spanish government to re-impose lockdown in Madrid while the French government has proposed to shut down few bars in Paris. Coming onto the previous session, EURUSD came under intense pressure after the news that President Donald Trump had been tested positive for the Coronavirus. The news overshadowed the grim US economic data that showed the US added 661k new jobs against the expectation of 850k, whereas the US unemployment rate stood at 7.9%, better than the forecast of 8.2%, thus giving a boost to the dollar. Subsequently, the pair settled the day at 1.1713, down by 0.26%. Today’s economic docket includes Eurozone Sentix Investor Confidence data and Retail Sales report that might produce some meaningful trading impetus. Post Euro Zone data, the focus will shift towards the US ISM non-manufacturing PMI reports due later in the day. SOURCE FXVIEW FB: [URL="http://www.facebook.com/fxviewdotcom/posts/223666262509081"]www.facebook.com/fxviewdotcom/posts/223666262509081[/URL] [/QUOTE]
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