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Fundamental Analysis
EURUSD
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[QUOTE="Terry_8, post: 187915, member: 65834"] EURUSD: BEARS EMBOLDEN AMID MOUNTING CORONAVIRUS CASES ACROSS GLOBE [ATTACH type="full"]17263[/ATTACH] EURUSD extends its losing streak for the second consecutive day as investors turn cautious on escalating coronavirus cases across the world. Europe has shown a worrisome surge in the daily cases as France and Spain registered over 28k and 11k new COVID-19 cases in the last 24 hours. The surge in cases has prompted lockdown measures which could stifle the still recovering economics, thus shattering the euphoria from the vaccine breakthrough. As of now, the currency pair is trading at 1.1845 level, down by 0.06%. Coming to the previous session, EURUSD exhibited a lacklustre session and concluded the session in red at 1.1852, down by 0.08%. The currency pair faced downward pressure owing to rising coronavirus cases across the globe. Besides, the news that American authorities pushed their plan to delist Chinese companies from the US stock exchanges aggravated the US-China tensions, thus weighing on the risker assets including, EURUSD. On the data front, the US published Housing Starts that stood at 1.53M versus the anticipated 1.45M, while Building Permits data came in line with expectations that further supported the demand for the greenback. Moving ahead, the investor can take cues from the US Philly Fed Manufacturing Index, CB Lending Index and, Unemployment Claims data slated for today. SOURCE FXVIEW FB: [URL="http://www.facebook.com/fxviewdotcom/posts/236708927871481"]www.facebook.com/fxviewdotcom/posts/236708927871481[/URL] [/QUOTE]
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