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Fundamental Analysis
EURUSD
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[QUOTE="Terry_8, post: 186562, member: 65834"] EURUSD TRADES CAUTIOUSLY AMID STALLED US STIMULUS TALKS [ATTACH type="full"]17090[/ATTACH] EURUSD trades cautiously near the 1.1743 level in the early Asian hours on Wednesday. The lack of clarity amid US lawmakers to plan a fresh fiscal US stimulus, the pause in the COVID-19 vaccine trial, and the risk aversion signs in the markets is weighing on the investor's sentiments, thus keeping gains in EURUSD limited. Besides, the worrisome surge in the coronavirus cases across Europe is adding to the dour mood. In the last 24 hours, Spain and France registered nearly 7,118 and 12,993 new coronavirus cases respectively. Coming onto the previous session, the currency pair dipped to the intra-day low of 1.1730 level as Investor's risk appetite took a hit following news that pharma giant Johnson and Johnson paused its trial for the potential COVID-19 vaccine after one of the patients fell ill. Also, the lack of progress in the Brexit deal and the surging coronavirus cases added to the dismal mood. On the data front, the Economic Sentiment survey for Germany and the Union fell unexpectedly, thus further exerting pressure on the single currency. Subsequently, the pair conclude the session at 1.1743, down by 0.57%. Moving ahead, investors will take cues from the Eurozone Industrial Production data. Later in the day, the focus will shift towards the US Core PPI data along with the Speech of FOMC Members Quarles and Clarida SOURCE FXVIEW FB: [URL="http://www.facebook.com/fxviewdotcom/posts/226237072252000"]www.facebook.com/fxviewdotcom/posts/226237072252000[/URL] [/QUOTE]
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