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The downward drift in the EUR/USD since the last update here has now extended a bit further. The EUR/USD has just now dipped below the 1.04 handle. The move comes as US yields continue to hold their gains, but in fact, they are off their best levels of the day. It is possible that there were some very short-term stops in place below that 1.04 handle and that is what has precipitated the move, because the USD/JPY is no higher than earlier. Hence, the EUR/JPY is a bit lower right now, edging below the 163 handle. The low print seen on the EUR/USD a short while ago was set at 1.0395. It is right now at 1.0396, but anything inside 1.0335 and 1.0450 is likely to prove entirely inconclusive in terms of overall direction
Earlier this morning an update here noted that German defence sector stocks were fuelling another push higher in the DAX. Well, since that update the...
The USD/JPY is right now very close to the earlier Asian session low at 151.48, which came after the latest Japanese GDP data beat estimates. The move...
Three of the biggest German defence companies are seeing their share prices rise strongly this morning. The reason for that comes as the markets eye a...
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