US Dollar sells off as Powell signals more cuts. Key standouts on the Thursday calendar include German inflation data, an ECB Coeure speech, the ECB Minutes, BOE financial stability report, US inflation readings, US initial jobless claims, more Powell testimony, and Fed speak from Williams, Bostic, Barkin, Quarles and Kashkari.

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EUR/USD registers an inside day ahead of German Zew survey

EUR/USD created an inside day or inside bar candlestick pattern on Monday, indicating investor indecision and impending volatility and has made Tuesday's close pivotal. A bullish close could be seen if the German Zew Survey data betters expectations by a big margin.

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GBP/USD: Options market turns bullish on Sterling for first since January 2018

The options market has turned bullish on the British Pound (GBP) for the first time since January 2018, a sign the investors are anticipating Brexit breakthrough and adding bets to position for a rally in Sterling. One-month risk reversals (GBP1MRR) rose above zero on Friday and currently stands at 0.25 – the highest level in 21 months.

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USD/JPY unchanged on 108 handle in Tokyo opening hour, eyes on key events

USD/JPY is steady in Tokyo's opening hour, down -0.02% despite the concerns over the 'Phase1' deal made between China and the US on Friday. Looking ahead, eyes are on US Industrial Production and Fed speakers.

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UK jobs report preview: GBP/USD set to react to figures that go with the Brexit mood

Finding a job in the UK is more accessible than in the past and pay is rising – but that does not move the pound these days. The employment report is scheduled two days ahead of the critical EU Summit and 16 ahead of Brexit Day. 

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Gold: Bears look for a break below the trendline support

The price had been sent lower below the 21 and 50-day MA converging and the 7th Oct lows. Trendline support guards a test of a 50% mean reversion of the late June swing lows to recent highs around 1480 will be encouraged. 

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