EUR/USD Steadies After Its Poor Weekly Start
The pair did not avert fresh 2021 lows today, after yesterday’s drop from Mr Powell re-nomination US Dollar boost, but finds support as European trader enter.
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The pair did not avert fresh 2021 lows today, after yesterday’s drop from Mr Powell re-nomination US Dollar boost, but finds support as European trader enter.
US President Biden announced his intent to nominate Mr. Jerome Powell for a second term as Chair of the Board of Governors of the Federal Reserve System
European traders try to shake-off Friday’s Coronavirus jitters and the relevant drop of the German Index
The pair comes from two straight weeks of losses and today its remains soft, exposed to Friday’s 2021 lows
This was the last big week from an earnings prospective, with large US retailers, EV startup Lucid and tech giant Nvidia standing out
The Chinese smart electric vehicle (“Smart EV”) company, announces its financial results for the third quarter of the year, on Tuesday November 23, before the US markets open.
Broader market sentiment took a nose-dive, after Austria announced lockdown measures to restrain the spread of the coronavirus
The common currency managed to stage a solid rebound yesterday, but today, it faces renewed pressure on the back of fresh dovish ECB rhetoric
UK Retail Sales rose more than expected in October, adding to a series of supportive economic data for the British Pound
The pair finds support over the last couple of days, after having taken a beating earlier in the week from dovish RBA rhetoric and hot US CPI Inflation, but will struggle to avoid a negative weekly close
The pair maintains its positive undertone and runs its third straight profitable day, managing to extend this week’s gains into new monthly highs
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