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EUR/USD: Focus this week is on Eurozone PMIs

EUR/USD hit a 2.5-week low of 1.1153 in Asia and could drop to the psychological level of 1.10 in the near-term if the Eurozone preliminary PMIs, due this Thursday, miss expectations, accentuating growth concerns. 

EUR/USD News

GBP/USD struggles to hold recent recovery amid Brexit pessimism

Growing probabilities of PM May’s another failure to let her Brexit proposal through the parliament weigh on the recent GBP/USD pullback.

GBP/USD News

USD/JPY consolidates around 110.20 amid risk-on, upbeat Japanese GDP

USD/JPY is seen consolidating its uptick to two-week tops of 110.32, as upbeat Japan’s Q1 2019 GDP data combined with mixed Asian equities appear to cap further upside. 

USD/JPY News

Liberal Party Retains Power in Australian Election Upset

Australia's conservative government has scored a stunning upset in Federal elections edging the Labor party which had led in almost all polls and had been widely expected to end almost six years of Liberal governance. 

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Gold aims to revisit 9-month old support-line as Aussie, Canadian news dominate risk sentiment

Gold is on its third negative trading day as it seesaws near $1276.50 ahead of the European open on Monday. Pessimism surrounding the US-China and the US-Iran relations could limit the bullion’s decline near trend-line support.

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