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EUR/JPY IG Client Sentiment: Our data shows traders are now net-short EUR/JPY for the first time since Oct 30, 2020 when EUR/JPY traded near 121.92.

Posted by By 09/11/2020Posted inForex
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bullish contrarian trading bias.
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Coronavirus Vaccine: Pfizer says COVID Vaccine is More Than 90% Effective, S&P 500 Spikes

Posted by By 09/11/2020Posted inForex
Risk appetite soars as Pfizer announces initial COVID vaccine results.
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Japanese Yen (JPY) in Demand, GBP Sentiment Weakens – COT Report

Posted by By 09/11/2020Posted inForex
Heading into the election, rising uncertainty prompted investors to seek safety in USD and JPY
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FTSE 100 Rallying Into Overbought Territory, Client Sentiment is Mixed

Posted by By 09/11/2020Posted inForex
The FTSE 100 is pushing back above 6,000 for the first time in nearly one-month as global equity markets remain firmly bid.
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British Pound Outlook: Looming Brexit Deadline May Weigh on GBP/USD

Posted by By 09/11/2020Posted inForex
The British Pound may slide lower in the coming days on the lack of progress in Brexit negotiations ahead of the proposed deadline on November 15.
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Crude Oil Prices Walk a Tightrope on Biden Victory, Falling USD

Posted by By 09/11/2020Posted inForex
WTI crude oil prices traded higher Monday amid favorable risk sentiment on a Biden-win election outcome and a weaker US Dollar. The outlook for demand remained a major drag to…
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US Dollar Sank on Biden Election Lead, Capital to Flow into Emerging Markets?

Posted by By 09/11/2020Posted inForex
The US Dollar tumbled against ASEAN currencies as Joe Biden accumulated votes against Donald Trump . Emerging market assets soared, sinking USD/SGD, USD/PHP, USD/IDR and USD/PHP.
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Australian Dollar Poised to Rise on Biden Victory, Easing Restrictions

Posted by By 09/11/2020Posted inForex
The Australian Dollar may continue to push higher on loosening coronavirus restrictions and the prospect of easing geopolitical tensions under a Biden administration.
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S&P 500, Nikkei 225 Weekly Forecast: Stimulus and Pandemic in Focus

Posted by By 09/11/2020Posted inForex
Asia Pacific stocks may gain on Biden’s victory, with post-election stimulus and foreign policy in focus. Nikkei 225 reaches its highest level since 1991. Risk-linked AUD, NZD and CNH strengthened.
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Dollar May Turn Higher After US Election Outcome Applies Pressure

Posted by By 09/11/2020Posted inForex
The US Dollar has turned lower as the outcome of the US presidential election solidified but the benchmark currency may rebound as the dust settles.
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