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EUR/USD: Upside seen opening up towards 1.1650 – Nordea Markets

Analysts at Nordea Markets maintain their bullish bias on the EUR/USD pair in the near-term, citing that ‘we have highlighted the green shoots globally for a while now', and we judge that an Asian rebound is better news for EUR than USD.”

Additional Quotes:

“Combination of a triple-dovish Fed (QT, rates, inflation overshooting) … the rise in oil prices has prompted a substantial drop in US real rates.

Drop in US real rates have also helped beget more expansionary financial conditions in EM Asia.

The upturn in Chinese monetary growth in March offers psychological support for the green shoots narrative.

Hence we go long EUR/USD, Target 1.1650 and consider a stop/loss 1.1187.”

GBP/USD: Neutral to positive bias near-term - Commerzbank

According to Karen Jones, analyst at Commerzbank, GBP/USD pair has continued to consolidate above the 200 day ma at 1.2972, which maintains a neutral
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AUD/USD in search of a firm direction, stuck in a range below 6-week tops set on Friday

• Fails to capitalize on the prevalent USD selling bias and remains capped below 0.72 mark. • US-China trade optimism continues to underpin Aussie an
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