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EUR Daily Review December 4, 2017

EUR Daily Review for December 4, 2017

Technical Outlook for Euro, Sterling, Yen (Crosses), Gold & More

Today, we took a look at several major USD pairs and their near-term prospects, along with a few cross-rates, precious metals, and equity indices.

 

Eurozone Factory Growth Near Record High

Eurozone manufacturing activity expanded notably in November underpinned by production and new orders, survey data from IHS Markit showed Friday. The final factory Purchasing Managers’ Index rose to 60.

 

European Shares Drift Lower As US Tax Bill Stalls

European stocks were moving lower on Friday as manufacturing data from China disappointed and investors awaited the Senate’s vote on U.S. tax reform legislation.

 

European Shares Set For Weak Start

European stocks are set to open lower on Friday after U.S. Senate Republicans delayed voting on their tax bill and a private survey showed that activity in China’s vast manufacturing sector fell in November to the weakest pace in five months.

 

European Economics Preview: UK Factory PMI Data Due

Purchasing Managers’ survey data from the UK is due on Friday, headlining a light day for the European economic news..

 

Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB

EUR/USD:Neutral (since 15 Nov 17, 1.1795): Improved undertone but too early to expect a sustained up-move.While the undertone for EUR has improved considerably with strong daily closing yesterday, it is too early to expect the start of a sustained up-move. That said, the current mild upward pressure could lead to a retest of the 1.1960 high seen ea

 

EUR/USD Weekly Technical Analysis: Euro Shows Moxie at Support

Last week the euro held onto the trend-line off the November low which is viewed as key to the near-term outlook; higher prices are seen

 

EUR/USD and GBP/USD Forecast December 4, 2017

The EUR/USD pair has been very noisy during the trading session on Friday, but ultimately we ended up forming a bit of a hammer, perhaps even a neutral candl…

 

Euro Fundamentals Remain Strong, but Heavy Positioning a Clear Burden

The Euro fell back last week for no reason in particular, suggesting that the recent bull run may be exhausted. Looking ahead, strong economic data

 

Have a nice trading!




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