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10 Feb 2020

GBP/USD: December low is the key level to watch – Rabobank

Bullish bets on the sterling were trimmed to the lowest level so far this year. Strategists at Rabobank are keeping an eye on the December low at 1.2905.

Key quotes

“The market seems to be bracing for tough trade negotiations between the UK and the EU in the coming months.”

“The short-term technical bias has shifted to the downside after GBP/USD fell below the support area around 1.2950-1.30. The December low at 1.2905 is the key level to watch on the downside.”

 

Feb 10, 2020

EUR/USD down it goes… in 2020 lows around 1.0930

Sellers continue to hurt the European currency at the beginning of the week, with EUR/USD now reaching fresh yearly lows in the 1.0930/25 band. EUR/US
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Feb 10, 2020

Wall Street opens modestly lower amid dismal market mood

Wall Street's main indexes started the week on the back foot as investors opt out to stay away from risk-sensitive assets. Reflecting the sour market
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