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European Central Bank (ECB) President Christine Lagarde is on the wires now, via Reuters, commenting on the bank's commitment to the PEPP stimulus. Additional quotes "We have to maintain safety net at least until June 2021." "We should envisage support continuing beyond 2020." "We really have to mai

GBP/USD continued scaling higher amid the prevalent selling bias around the USD. Growth concerns, fiscal impasse, declining US bond yields undermined the buck. Extremely overstretched conditions on short-term charts warrant caution for bulls. The GBP/USD pair pulled back a bit during the first half

Commenting on the French Q2 GDP report, Finance Minister Bruno Le Maire said the latest GDP figures were not as bad as some had feared. Additional quotes “We can improve matters, regarding the economy.” “There are positive elements within the French economy.” “We must continue with radical measures

NZD/USD stays pressured near 0.6650 while keeping range from Tuesday’s US session. A bullish chart formation is gradually gaining momentum but 0.6700 becomes the key. 200-hour EMA acts as the near-term strong support. NZD/USD weakens to 0.6655 amid the initial trading session on Wednesday. The quot

Major League Baseball may be struggling to get past the complications of playing matches during a pandemic, but big tech is suffering no such issues. The "gang of four," Alphabet, Amazon, Apple and Facebook all hit match-winning home runs with the release of their Q2 earnings in after-hours trading.

At the time of writing, the EUR/USD pair rises 0.30% to trade at 1.1881 and Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, targets the 200-month ma at 1.2635 as the pair has gone through tough resistance at 1.1815/33. Key quotes “EUR/USD is through tough resistance at 1.1815