Is the euro set for recovery?

 

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When is the Aussie CPI data and how could it affect AUD/USD?

Considering the recent shift in the market’s risk sentiment, mainly due to the positive headlines from China, any upbeat reading can help buyers ahead of today’s Fed meeting. If the price pressure keeps being soft, odds concerning the RBA moving closer to negative rates increase, which in turn will pull AUD/USD below its multi-week low.

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USD/JPY bulls step in on optimism surrounding coronavirus

As far as the coronavirus goes, the latest reports are that the number of known cases of the new virus rose by nearly 60% overnight.

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3 Questions for the Fed

After experiencing its largest one day decline in months, stocks rebounded on Tuesday. While some investors may hope that the worse is over, it is important to realize that the full effects of the coronavirus has not been seen.

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Gold drops further near $1565 amid risk appetite

Gold prices continued to move lower during the American session and reached a fresh daily low at $1566/oz.

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GBP/USD below 1.3000 ahead of BOE

The dollar continues to advance against all of its major rivals, getting an additional boost from upbeat CB Consumer Confidence. GBP/USD trading around 1.2980. BOE to have a monetary policy meeting this Thursday.

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