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All posts by Pablo Piovano

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EUR/USD keeps the red post-CPI, near 1.0640

The single currency remains in the negative territory today, with EUR/USD hovering over 1.0630 in the wake of EMU’s flash CPI. EUR/USD still weak after data Spot posted no reaction after the preliminary inflation figures gauged by the CPI in the euro region have matched

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EUR/USD neutral stance unchanged – UOB

FX Strategists at UOB Group noted EUR/USD remains sidelined between 1.0550 and 1.0750 in the next 1-3 weeks. Key Quotes “The range of 1.0562/1.0654 was reasonably close to our expectation of range trading between 1.0560/1.0670. However, the positive daily close suggests further upside pressure and

Closeup of a pile of Japanese yen.

USD/JPY could revisit 111.45 and 110.27 – Commerzbank

In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could attempt another test of 111.45 and 110.27. Key Quotes “USD/JPY reached the 113.80/114.87 resistance area which consists of the mid-February-to-March highs. It capped as expected, we note the 13 count

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NOK stays vigilant on OPEC – Danske Bank

Jakob Christensen, Chief Analyst at Danske Bank, assessed the potential outcome from today’s OPEC meeting and its impact on the Norwegian Krone. Key Quotes “The highlight in the calendar today is the OPEC meeting in Vienna. Since late September, OPEC has worked on a deal

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EUR/USD slips back to 1.0620, session lows

The better tone in the greenback is now prompting EUR/USD to intensify the downside to the area of daily lows in the 1.0625/20 band. EUR/USD attention to CPI, ADP, OPEC The pair has quickly faded yesterday’s spike to the 1.0660 region, sparking the current leg

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Brexit could add risks to the EU – BoE’s Carney

At his press conference today following the BoE’s Financial Stability Report, Governor Mark Carney argued that: Additional risks to Eurozone could come due to Brexit. The drop in the Sterling since Brexit suggests markets expect modest real income growth, less open trade. Consumers drawing down

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EUR/USD negative below 1.0820/50 – Commerzbank

The pair’s perspective remains negative below the 1.0820/50 area, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “EUR/USD is holding steady just above the November 2015 low at 1.0523, which was recently tested but held on a closing basis and the