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EUR/USD support emerges at 1.1650/20 – Scotiabank

Eric Theoret, FX Strategist at Scotiabank, sees the pair’s stance at neutral/bearish in the near term horizon.

Key Quotes

“A reminder that next week’s Jackson Hole speech from President Draghi is said to contain no major shift in tone. The 10Y Germany-U.S. yield spread is hovering just above –180bpts and EUR risk reversals remain neutral across a range of time horizons”.

“Daily momentum indicators are threatening a push into bearish territory and DMI’s have converged. The 9 day MA appears poised to break below the 21 day MA. Near-term support levels include 1.1650 and 1.1620 followed by a sizeable gap toward the lower 1.15 area. Near-term resistance is expected above”

EUR/USD regains 1.1700 and beyond, eyes on Fedspeak

After briefly testing fresh 3-week lows in the 1.1660 region, EUR/USD has now returned to the 1.1700 region ahead of Fed speakers. EUR/USD focus on F
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US stocks weaker during early trade

Major US equity indices witnessed a weaker opening on Thursday as investors digested overnight dovish FOMC meeting minutes and looked forward to earni
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