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Editors’ Picks









EUR/USD keeps its bid bias intact above 1.1700


EUR/USD keeps its bid bias intact above 1.1700

EUR/USD remains well bid and maintains the trade above the key barrier at 1.1700, or two-week tops. The extra advance in the pair comes on the back of further selling pressure hurting the US Dollar, particularly after the July inflation data reignited speculation of extra rate cuts by the Federal Reserve.










GBP/USD flirts with multi-week highs just below 1.3600


GBP/USD flirts with multi-week highs just below 1.3600

GBP/USD adds to its sharp upside impulse on Wednesday, approaching the area of multi-week highs just below 1.3600 the figure amid the widespread better tone in the risk complex and the continuation of the Greenback’s retracement.










Gold advances modestly, hovers around $3,360


Gold advances modestly, hovers around $3,360

Gold sticks to its constructive price actio on Wednesday, lingering over the $3,360 zone per troy ounce, or two-day highs, in an atmosphere of extra downward bias in the Greenback and declining US yields across the spectrum. The improved sentiment in the global markets continue to cap potential advances for now.











Five reasons why Trump’s trade war is likely to escalate


Five reasons why Trump’s trade war is likely to escalate

Buoyant markets, a resilient US economy, rising customs revenues, appeasement by trading partners and conducive politics point to further escalation in US trade tensions, already set to cut global output by an estimated 0.7pps in the medium term.











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