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EUR Daily Review November 8, 2017

EUR Daily Review for November 8, 2017

European Shares Set To Follow Asian Peers Higher

European stocks may open slightly higher on Tuesday, mirroring firm cues from Asia after the major U.S. averages hit fresh record closing highs overnight, boosted by rallying oil prices and corporate dealmaking news.


European Economics Preview: Germany’s Industrial Output Data Due

Industrial production from Germany and retail sales from euro area are due on Tuesday, headlining a light day for the European economic news..


DXY Index Nears Resistance as First EUR/USD H&S Target Hit

The DXY Index is back near a key level from mid-July, while EUR/USD has achieved the initial target level outlined back in late-September.


Euro Edges Lower After Mixed Bag of Economic Data

The Euro slipped back in European trading Tuesday after figures showing weak German industrial production but stronger than expected Euro-Zone retail sales.


EUR/USD Technical Analysis: Ready to Make Good on Topping Setup?

The Euro is attempting to make good on a bearish Head and Shoulders topping pattern, with the single currency testing three-month lows against the US


Forex: Top FX Headlines: DXY Index Nears Resistance as First EUR/USD H&S Target Hit: 11/7/17

– EUR/USD hits initial head & shoulder’s target of 1.1554 as outlined on October 6. – DXY Index trading just below 95.17, the July 20 bearish outside engulfi…


Coca-Cola European Partners Q3 Profit Declines; Affirms FY Outlook

Coca-Cola European Partners plc (CCE) on Tuesday reported a 7 percent decline in profit for the third quarter from last year on lower revenues. The company’s third-quarter profit after taxes was 304 million euros or 0.


European Shares Lackluster As Investors Digest Mixed Earnings

European stocks were lackluster on Tuesday even as banks gained ground on growth optimism after ECB President Mario Draghi said there is little evidence that negative rates are undermining banking profitability.


EUR/USD and GBP/USD Forecast November 8, 2017

The EUR/USD pair went back and forth during the trading session on Tuesday, but found enough support underneath to turn around and form a hammer. The hammer …


Short Term EUR/USD Pattern Hints at Bounce to 1.17

The Elliott Wave model on EUR/USD hints at a bottom forming and bump higher to 1.17. Learn about the favored model we are following.


EUR/GBP: ‘Most Value’ In Long EUR/GBP Targeting 0.91 – Nordea

Nordea FX Strategy Research discusses GBP outlook in light of last week’s BoE rate decision.”Bank of England hiked rates last week, but it was not the only thing that was hiked. Also the front-end of the inflation forecast from Bank of England was hiked, while the end-point of the forecast was only lowered by 0.07% despite the rate hike. M


How Would the S&P 500, EUR/USD, Bitcoin and VIX Assets Weather a Bubble Pop?

It is difficult to argue against the prevalence of bubbles in the markets. Even speculative optimists can recognize the overuse of leverage.


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