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Fundamental Analysis
EURUSD
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[QUOTE="Terry_8, post: 186664, member: 65834"] EURUSD TREADS WATER AMID UNCERTAINTY OVER STIMULUS AND VIRUS JITTERS [ATTACH type="full"]17105[/ATTACH] EURUSD is treading waters in the early Asian hours on Friday as market participants remain cautious over the prolonged US fiscal stimulus and surging coronavirus cases across some parts of Europe and America. The virus jitters stoked concerns over the prospect of a quick global economic recovery thus, dampening sentiments. Worldwide, approximately 39 million people have been infected by the coronavirus with over 1 million fatalities. As of this moment, the pair is trading flat at 1.1707. Coming on to the previous session, the US dollar remained a better bid against its rivals throughout the session. The currency pair dipped to its two-week low of 1.1688 level amid a risk-off mood led by the surge in cases across Europe that prompted certain social distancing norms and lockdown measures. However, later in the session, the pair managed to recover from the day’s low following the release of US Unemployment Claims data that stood at 898k, much worse than the expectation of 810k. Even then, EURUSD settled the day in red at 1.1707, down by 0.32%. Moving ahead, investors can take cues from the Eurozone CPI reports and Trade Balance data as it could lead to volatility in the pair. On the other hand, the US will publish Retail Sales data, Industrial Production data and, Consumer Sentiment reports later in the day SOURCE FXVIEW FB: [URL="http://www.facebook.com/fxviewdotcom/posts/226772618865112"]www.facebook.com/fxviewdotcom/posts/226772618865112[/URL] [/QUOTE]
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