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Published on 17/02/2020 10:35:51 AM | Source: Kedia Commodity Ltd

Technical Currency Outlook 17th February 2020 - USD, EUR, GBP by Kedia Commodity

Posted in Currency Report| #Kedia Commodity Ltd #Currency Tips

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USDINR

* USDINR trading range for the day is 71.29-71.54.

* Oil prices were set early on Friday for their first weekly gain since early January

* Prices shook off the coronavirus panic and hoped for a Chinese stimulus

* Goldman Slashes Oil Price Forecast By $10

 

EURUSD

* EURUSD trading range for the day is 1.0809-1.0859.

* Oil prices were set early on Friday for their first weekly gain since early January

* US data mixed on Friday, but still indicating economic growth in the country.

* German economy in trouble, dragging the common currency further lower.

 

GBPUSD

* GBPUSD trading range for the day is 1.3017-1.3069.

* Pound saw a big rally seen last week due to news that PM Johnson was reshuffling his cabinet

* Prices shook off the coronavirus panic and hoped for a Chinese stimulus

* Fed Chair took in recent comments markets are keen to gauge the tone of February’s minutes.

 

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