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The Euro is plunging across the board on Monday, following news that France’s Prime Minister, Sébastien Lecornu, resigned. EUR/USD has sliced through the 1.1700 area and is approaching one-month lows at 1.1645 at the time of writing.
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EUR/GBP Price Forecast: Euro plunges below 0.8690 on Lecornu’s resignation
The Euro has extended its reversal from Friday’s highs at 0.8730 to levels below the 0.8690 support area. -
AUD/USD struggles around 0.6600 as US Dollar trades firmly
The AUD/USD pair struggles to extend its upside above the key resistance of 0.6615 during the European trading session on Monday. Earlier in the day, the Aussie pair recovered sharply after a weak opening near 0.6585. -
Gold Surges 50% Year-to-Date with Further Gains Expected
Gold soared to a fresh record high on Monday, breaching 3,923 USD per ounce as demand for safe-haven assets intensified. The protracted US government shutdown continues to be a primary catalyst for the rally. The budget crisis has extended into the new week following a failed Senate vote on Friday, leading to prolonged delays in […]
The post Gold Surges 50% Year-to-Date with Further Gains Expected appeared first on Action Forex.
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Eurozone Sentix Investor Confidence Index improves to -5.4 in October vs. -9.2 previous
The Eurozone Sentix Investor Confidence Index rose to -5.4 in October following September’s -9.2, the latest survey showed on Monday. -
Pound Sterling declines against US Dollar despite partial US government shutdown
The Pound Sterling (GBP) trades 0.3% lower to near 1.3440 against the US Dollar (USD) during the European trading session on Monday. -
Eurozone Sentix Investor Confidence: -5.4 (October) vs -9.2
Eurozone Sentix Investor Confidence: -5.4 (October) vs -9.2 -
United Kingdom S&P Global Construction PMI came in at 46.2, above forecasts (46.1) in September
United Kingdom S&P Global Construction PMI came in at 46.2, above forecasts (46.1) in September -
AUD/USD and NZD/USD Hold Firm, More Upside Moves On The Way?
AUD/USD started a fresh increase above 0.6550 and 0.6575. NZD/USD is also rising and might aim for more gains above 0.5840. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar started a decent increase above 0.6575 against the US Dollar. There is a key declining channel forming with resistance at 0.6615 […]
The post AUD/USD and NZD/USD Hold Firm, More Upside Moves On The Way? appeared first on Action Forex.
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ECB’s Lane: Shifts in risk distribution matter for rate decisions
European Central Bank (ECB) Chief Economist Philip Lane said on Monday that they will remain attentive to shifts in the risk distribution when taking interest rate decisions, per Reuters.
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