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Further to my last update, the interim rebound in the dollar index (USDX) has extended further this morning and that has seen the EUR/USD and GBP/USD take out their most recent lows seen on Friday afternoon. The Dollar index has risen to a new session high today at 102.67 and that move came as the EUR/USD fell to 1.0934 and the GBP/USD fell to 1.2713. So, in effect both those pairs have now snapped their recent series of higher lows. However, both have rebounded a bit now. The GBP/USD is currently trading at 1.2727, but given this slight shift in the short term pricing dynamic, it would perhaps be unwise to rule out further downside from here on.
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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