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Earlier this morning running into what might have been a 9am GMT London fix, the dollar weakened further versus the major European currencies. That saw the GBP/USD get very close to 1.3425 and the EUR/USD had yet another look above the 1.12 handle. The Euro reached a high at 1.1209, which was just shy of the current 2024 high, at 1.1214. Well, at that point it seemed to have every opportunity to push on, to set a new high for the year, but in the event the move has since run out of steam and the Euro has now dropped back below 1.1190. So, it seems there were once again fresh Euro sellers ahead of that 2024 high. It was the case most of last week too. Having said that, the day is yet young, so we shall see if there is to be another attempt on the topside before the month and quarter are done and dusted. The EUR/USD is currently trading at 1.1187
Owing to technical reasons, after this there will be no more updates from this analyst until early tomorrow morning. In the meantime, we should note...
Not long ago the DAX lifted above 22,425 and that means it has lifted further above the last technical rebound level of note (22,299.29). Of course it...
There is not that much of importance due out today in terms of US data releases or Q1 earnings reports. However, as far as earnings go, that sees...
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