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EURUSD: 200-week Moving Average To Prove Influential?
EURUSD may have traded sideways during Friday’s Asia but chartists will have noted that even as the euro rallied versus the US dollar yesterday, it couldn’t get back above the highs of 1.1429-33 seen at the start of the week. Add in the facts that the spread between benchmark 10-year German and Italian government bonds[…]
USDPLN, EURPLN: Could the Polish Zloty Lose More of its Shine?
Last month, Poland’s central bank left interest rates unchanged on July 11 at 1.5 per cent with Governor Adam Glapinski, Governor of the National Bank of Poland (NBP), saying that his personal view was that “until the end of 2020 there will be no change” in Polish interest rates. Of course Glapinski was speaking before[…]
EURUSD: Still on a downbound train?
In last Monday’s post, the level of 1.1313 in EURUSD was flagged up as being cited by some technical analysts as a target for the pair if EURUSD made a daily close below 1.1510. While that specific level hasn’t yet been seen, the EURUSD did trade heavy at the tail end of last week and[…]