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All posts by Pablo Piovano

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EUR/USD further gains unlikely – UOB

The research team at UOB Group has suggested that a bullish attempt to 1.1430 has lost momentum of the time being. Key Quotes “Instead of extending higher, EUR traded mostly sideways last Friday and the recent build-up in momentum has fizzled out. The current movement

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Gold extends the drop near $1,330

The troy ounce of the precious metal is challenging 2-week lows in the vicinity of $1,330 at the beginning of the week. Gold lower on probable rate hike Bullion has come under renewed selling pressure following speculations that the Federal Reserve could hike rates at

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EUR/USD could slip back to 1.1100 – Commerzbank

According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s decline could extend to the 1.1100 area. Key Quotes “EUR/USD inched higher last week following its break of the 1.1273 2014-2016 resistance line, this has not been exactly a dynamic break higher

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EUR/GBP in red, sidelined in the mid-0.8600s

After reaching fresh highs near 0.8730 during last week, EUR/GBP has now receded towards the 0.8650 area amidst increasing USD sentiment. EUR/GBP weaker as sellers prevail Both the Sterling and the single currency are trading on the defensive today following the generalized selling bias in

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EUR/SEK testing daily highs near 9.5100

The Swedish Krona is sharply lower vs. its European peer at the end of the week, sending EUR/SEK to the upper end of the range near 9.5100 the figure. EUR/SEK up on Riksbank SEK met further downside pressure following comments by First Deputy Governor of

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RUB stays bullish long-term – Danske Bank

Senior Economist Vladimir Miklashevsky at Danske Bank sees the Russian currency keeping its bullish outlook in the longer run. Key Quotes “On 29 July, Russia’s central bank (the CBR) kept its key rate at 10.5% as consensus and we expected. The main reasons given by