The EURUSD extended its recovery to 1.0740 in Tuesday’s European trading, with the major currency pair rising as growing optimism for the Fed to...
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The EURUSD faces selling pressure in Friday’s European trades due to multiple headwinds. The major currency pair declined to a six-week low near 1.0670 as the Euro weakened after downbeat Eurozone preliminary PMI data suggested the economy is losing momentum. The HCOB PMP report, produced by S&P Global, shows that the Composite PMI unexpectedly declined to 50.8 in June, from the prior release of 52.2, but held above the 50.0 threshold that separates expansion from contraction. Investors expected the Composite PMI to increase to 52.5. The Manufacturing PMI fell further into contraction territory, while the Service PMI continued to suggest expansion, although at a slower
The EURUSD extended its recovery to 1.0740 in Tuesday’s European trading, with the major currency pair rising as growing optimism for the Fed to...
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The EURJPY currency pair traded in positive territory for the sixth consecutive day near 173.80 on Wednesday during the early European session. The...
EURUSD remains on the backfoot on Tuesday, slightly above 1.0700, as the major currency pair comes under pressure due to expected decline in the...
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Market Overview: EURUSD Forex The EURUSD is stalling around the bull trend line on the weekly chart. The bears see the last two weeks simply as a...