EUR/USD offered below 1.2100 amid risk-off mood, Italian politics, virus updates in focus
By Anil Panchal EUR/USD stays heavy near the lowest in six weeks. EUR/USD remains depressed around 1.2070, down 0.05% intraday, while heading into the European session open on Monday. Eurogroup meeting, Italian CPI will decorate the calendar amid US off. The rising coronavirus (COVID-19) numbers push Rome towards stricter activity restrictions starting from…
Gold Price Analysis: XAU/USD bounces off seven-week low but 200-day SMA probe buyers
By Anil Panchal Gold refreshes intraday high after taking a U-turn from the lowest since December 01, 2020. Failures to break medium-term support line directs buyers towards 200-day SMA. Bearish MACD favor gold sellers, last week’s top add to the upside barriers. Gold takes the bids near $1,832, up 0.29% intraday, during early…
Yen gains, euro squeezed as recovery doubts creep in
SINGAPORE (Reuters) – The dollar clung to gains on Monday and the Japanese yen edged higher as softening U.S. economic data and rising global coronavirus cases kept investors cautious, while lockdowns and Italian political turmoil held the euro under pressure. The euro dipped to a six-week low of $1.2066 in Asia and fell…
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