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Fundamental Analysis
EURUSD
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[QUOTE="Terry_8, post: 186264, member: 65834"] EURUSD EXTENDS GAIN FOR THE SECOND CONSECUTIVE SESSION, EYES ON LAGARDE’S SPEECH [ATTACH type="full"]17033[/ATTACH] The single currency surges for the second straight session versus the US dollar as investors look forward to the speech of ECB President Christine Lagarde slated for today. Besides, the news that Donald Trump has resumed his office after coronavirus treatment boosted the risk appetite of the investor. However, the gains in EURUSD remains limited as Spain and France are tackling with a much-feared second wave of coronavirus and have also started taking measures to contain the spread of the virus. As of this moment, the currency pair is trading flat to positive at 1.1788, up by 0.06%. Coming onto the previous session, the single currency touched the intraday high of 1.1797 level amid signs of Risk-on sentiments that exerted 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 discharged from the Walter National Military Medical center. In addition to this, the Eurozone Sentix Investor Confidence data and Retail Sales came much better than the market expectation, thus supporting the demand for EURUSD. Subsequently, the pair concluded the session at 1.1781, up by 0.57%. For the day ahead, investors can take cues from the Speeches of ECB President Lagarde and US Fed Chairman Powell for some meaningful trading impetus SOURCE FXVIEW FB: [URL="http://www.facebook.com/fxviewdotcom/posts/223953675813673"]www.facebook.com/fxviewdotcom/posts/223953675813673[/URL] [/QUOTE]
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