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US: Shutdown will hit the overall economy – Danske Bank

Mikael Olai Milhøj, senior analyst at Danske Bank, points out that the US House of Representatives controlled by the Democrats has passed another bill to end the ongoing shutdown, but as it does not include any funds for President Trump’s wall, the Senate will not vote on it, as Trump would veto it anyway.

Key Quotes

“Despite the shutdown being the longest in US history and that missing pay checks are beginning to hurt families, nothing suggests the two sides are getting closer to each other.”

“There is an increasing risk that the shutdown will hit the overall economy the longer it drags out. Trump’s State of the Union address has been cancelled.”

EUR/USD Technical Analysis: The 55-day SMA at 1.1380 expected to hold the downside in the near term

EUR/USD daily chart EUR/USD Overview:     Today Last Price: 1.1396     Today Daily change: 3.0 pips     Today Daily change %: 0.0263%     Tod
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EUR/GBP: Capped by 0.9000 resistance - Commerzbank

Karen Jones, analyst at Commerzbank, explains that the EUR/GBP’s rally higher was rejected by the previous uptrend, which is now acting as resistance
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