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17 Nov 2020

EUR/USD: Risks skewed to the downside amid a 'bumpy' Q4 for euro area – JP Morgan

Analysts at JP Morgan recommended staying short on EUR/USD in anticipation of a bumpy Q4 for the Euro area.

Key quotes

“Looking at positive developments on vaccines.”

“These reduce tail risks for 2021.”

“This should prompt flows out of USD but this is being limited by short USD positioning and UST yield rise.”

“Not recommending short USD aggressively for now.”

  • EUR/USD Price Analysis: Euro makes a move toward Monday's high

Nov 17, 2020

Gold Price Analysis: XAU/USD's daily chart shows indecision

Gold created a long-legged Doji candle on Monday, implying indecision in the market. The metal is currently trading near $1,890 per ounce. The immedia
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Nov 17, 2020

OPEC+ should delay output hike, a technical advisory panel recommends – Bloomberg

The OPEC+, a group of major oil producers led by Saudi Arabia and Russia, should consider delaying its planned output boost by three to six months, a
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