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The earlier gains in the dollar have now dissipated somewhat just now. The EUR/USD has held the noted 200 day moving average perfectly. To remind the reader; that is in place again today at 1.0874 and the low seen earlier this morning was set at 1.0875. The Euro is now edging its way back towards the 1.0900 handle. At the same time the GBP/USD has managed to recover some of the ground it lost earlier, after the weaker than expected UK inflation data. The GBP/USD fell to a low at 1.2983. It has just now edged back to around 1.3015, but it remains to be seen, if this rebound can extend much further, given what sent the Pound lower in the first place. The GBP/USD is currently trading at 1.3013
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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