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The EUR/USD has essentially traded a range so far this week that is tight by any standards. The range has held inside 1.1030 to 1.1070 since early yesterday morning and right now shows little appetite to extend outside of that. Of course it may well not be the case by the close of play on Friday evening, given the important upcoming US economic releases. The problem for the Euro is that it is positively impacted by the outlook for a Fed rate cut later this month (September 18), but at the same time dented by the prospect of the ECB matching that on September 26. Ahead of those decisions we have the more immediate impact of the US data over the next 2-3 days which might be more immediately relevant. The EUR/USD closed last night in the US at 1.1043. The range seen so far today has been covered by 1.1039 to 1.1063. It is just now trading at 1.1057
The Pound performed pretty well yesterday and continued to press higher from an earlier session low at 1.3203, seen just as the European markets...
Yesterday afternoon the dollar hit session lows leading into the final 4pm London fix of the week and that saw the USD/JPY fall back to 141.90. One...
Pretty much all this week BTC has just not been at the races, indeed that was an observation made the week before and it was the same then too. So...
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