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EUR Daily Review November 7, 2017

EUR Daily Review for November 7, 2017

European Economy Booming According to Sentix Index

EUR/USD underpinned by a decade high Sentix reading with Germany leading the surge.


European Shares To Open Lower As Trump Starts Asia Tour

European stocks may open slightly lower on Monday as U.S. President Donald Trump’s 12-day trip to Asia got underway and investors kept an eye on the developments in Saudi Arabia after an anti-corruption crackdown resulted in the arrest of several Saudi princes and ministers, including prominent investor Prince Alwaleed Bin Talal.


European Economics Preview: Germany’s Factory Orders Data Due

Factory orders from Germany and final Purchasing Managers’ survey from euro area are due on Monday, headlining a busy day for the European economic news..


EUR/USD Vulnerable to Further Losses on More Cautious ECB Rhetoric

A batch of dovish ECB rhetoric may produce headwinds for EUR/USD as President Mario Draghi and Co. plan to carry the quantitative easing (QE) program


EUR/USD Turn Continues as USD Remains Persistently Bullish

The U.S. Dollar continues to show signs of strength, but with bulls unable to leave behind the 95.00 level in DXY, a deeper retracement may


Eurozone PPI Inflation Accelerates More Than Expected

Eurozone producer price inflation accelerated at a faster-than-expected pace in September, data from Eurostat showed Monday. Producer prices climbed 2.9 percent year-over-year in September, following a 2.


European Shares Slide In Cautious Trade

European stocks were modestly lower on Monday after U.S. President Donald Trump kicked off his tour of Asia in Japan over the weekend with a tough rhetoric against North Korea.


Eurozone Private Sector Growth Slows In October

The euro area private sector started the final quarter on a strong footing but the pace of expansion slowed since September, final data from IHS Markit showed Monday.


EUR/USD and GBP/USD Forecast November 7, 2017

The Euro initially fell on Monday, reaching down below the 1.16 level. However, by the time the Americans were done trading we had seen the market turned aro…


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