The EU Summit in a Nutshell
A report and an evaluation of the most important developments from this week's summit of EU leaders.
The leaders of Europe gathered in Brussels this week to discuss the most important topics of the day: Brexit, security measures, migration, and climate change. Here are the highlights from this major event.
To begin with, we need to talk about the Brexit negotiations, as this has been without a doubt the leading topic of the summit and the one analysts were looking forward to the most.
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EUR/USD Technical Analysis
The pair found a level of support.
During yesterday's trading session the dollar index gained over 40 points and the reserve currency strengthened against the basket of major currencies. Against this background, we observed a decrease in the price of this pair.
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USD/JPY Technical Analysis & Daily Chart
We can try selling the pair today.
Today we would take a look at the USD/JPY currency pair. The price has retreated from the highs registered at the beginning of October and is holding steady within a channel between 111.64 and 112.88.
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EUR/USD Technical Analysis
The pair is trading at the bottom.
Today we are waiting for the publication of the consumer confidence index in the U.S., which can significantly increase market volatility. Currently the dollar index is at 12-week highs.
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CAD/JPY: Fundamental Review & Forecast
The JPY being a safe asset has a perspective in the long term but now the deals on the trend seem the most effective.
The rates continue in the frames of the upward trend started in March 2018. During this time, the Canadian dollar received support due to the growth of oil prices, a balanced monetary policy and a good economic situation.
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GBP/USD Technical Analysis
GBP/USD Technical Analysis
The pair is turning around.
After the dollar index reached one-year highs approaching the 97.00 mark during yesterday's trading, we are seeing a weakening.
The recently released macroeconomic indicators from the UK showed worse results than expected. However, the chart still shows an upward movement. Today we expect increased volatility in the pair, as today there will be a speech by the Bank of England's head Mark Carney and the publication of the BoE interest rate decision will take place.
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