Chart of the day EUR / USD
EURUSD-Playing-The-triangle – Probably the price way
In spite of the US President, Trump’s comment that “we have” on-Covid-19 for the audit, the deaths of 80,000 exceeded, and the White house has now ordered that all the participants-to-the-West-Wing-to-wear and a face mask. The WHO also warned that the risk of transmission will rise again as the countries with ease have lock. Meanwhile, Fed officials, like Bostic said that he is “not a big fan, you went into negative-rate territory,” and, Evans added that, “at best, we would have to study it, but I don’t assume that a tool, we would be in the United States. Bostic also poured cold water on the idea of the Fed’s purchase of shares, namely, “the kind of support, it is typically best achieved through the tax page. Wall Street closed mixed overnight, with the S&p 500 flat at 0.02% on Friday while the VIX went back to 27.57. UST-bonds and the bear-steepened as the 10-year yield climbed-0.71% (+3bps) in the middle b IG credit issuance, as well as a $11b deal by Disney.
The recent obsession in the direction of negative interest rates in the U.S. eased slightly after the Fed’s Evans, a and Bostic against it. The rhetoric was used, based on the strong side. A whole swath, or Federal reserve speakers are scheduled today, starting at 1300 GMT, but it may go up to Powell (Bet) – to the matter. The difference in the dates on your calendar, watch for US CPI (1230 GMT). With concerns about the ” negative interest rates, and the flow of USD allowed to remain reduced, at least until Powell (mi).
US President, Trump said he is not interested in re-opening of negotiations with China for a trade deal, but let’s see if they live up to the business that you signed.. Now to go to the house Democrats, the proposal to select, on the appeal, prior to Friday, they are still in the creation of the bill, which could top $2 trillion, and then add an additional round of cash payout to individuals, which is received on top of the $1,200 from That.
EU: German Chancellor angela Merkel said that a proposal for a workaround in the German court ruling on the ECB’s QE program by the ECB, a Declaration by the Federal bank, which would serve as a mediator to the German Parliament.
To test from a technical and trading perspective, the EURUSD further to the triangle, the rising trend-line support, with additional support, perhaps through the option, which is to hedge the cash flows in connection with the 12-billion-EURO to the expiry of this week, between the 1.0750 and 1.09, as in the 1.08 area still offers bullish exposure should be rewarded, on the way to an examination of whether or 1.09, first series, resistance, awareness, here-and-bull-can-target-descending triangle resistance at 1.0970 prior to the first equality objective is seen at 1.1040. A closing breach of contract or 1.0750, the bullish-work-and-open-a-move-to-test and year would eat up-to-date lows in the direction of 1.0630
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