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Fundamental Analysis
EURUSD
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[QUOTE="Terry_8, post: 187965, member: 65834"] EURUSD ADVANCES ON RENEWED STIMULUS HOPES AMID CORONAVIRUS PANDEMIC [ATTACH type="full"]17278[/ATTACH] EURUSD ekes out modest gains in the early Asian trading hours following renewed stimulus hopes that overshadows lockdown fears. The US Senate Majority Leader McConnel and Senator Schumer on Thursday decide to renewed coronavirus relief talks, emphasizing the need for additional stimulus. Besides, ECB President Christine Lagarde on Thursday called out several European members to end the budget deadlock and unlock aid measures for regions that are severely hit by the second wave of coronavirus pandemic. She emphasized the need for the next Generation EU package to be operational without any significant delay, thus boosting market sentiments. As of this moment, the currency pair is trading at 1.1882 level, up by 0.09%. Coming to the previous session, the currency pair initially dipped to its intraday low of 1.1816 level amid a risk-off mood led by a worrisome surge in coronavirus 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 742k, much worse than the anticipated 707k. Subsequently, EURUSD settled the day in green at 1.1872 level, up by 0.17%. Moving ahead, investors can take cues from the German PPI data, Consumer Confidence data along with the speech of ECB President Lagarde and FOMC Member Kaplan as it could lead to volatility in the pair SOURCE FXVIEW FB: [URL="http://www.facebook.com/fxviewdotcom/posts/237448691130838"]www.facebook.com/fxviewdotcom/posts/237448691130838[/URL] [/QUOTE]
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