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EUR/USD outlook: Markets not out of the woods yet
Market turbulence often presents lots of opportunities, but there is still excess froth to be shed as the unwinding of leveraged carry trades persists for now. The EUR/USD was trading lower along with gold and major European indices in the first half of Tuesday’s session. Although US indices, Nikkei futures, USD/JPY, and commodity-linked currencies—assets that had been under significant pressure—rebounded from their lows on Monday, the recovery didn’t gain much traction overnight, and so the underlying trend that has been dominant in the last few days seems to have resumed in the first half of Tuesday’s ... (full story)
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- Posted: Aug 6, 2024 11:43am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 3,050
