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The US Treasury auction for the four weeks ending January 22nd yielded a winning bid of 3.63%, compared to 3.595% previously.US Treasury auction results for the four weeks ending January 22: bid-to-cover ratio 2.86, compared to 2.92 previously.On January 23, Danish Prime Minister Helen Frederiksen addressed the media after meeting with British Prime Minister Keir Starmer on January 22. Frederiksen stated that Denmark is participating in negotiations on a framework agreement for Greenland, and that these negotiations are being conducted in close cooperation with Greenland. She clarified that NATO is not authorized to represent Denmark in negotiations with Greenland. She indicated that Denmark has begun cooperating with the US government and is clarifying how this work will proceed. She reiterated that Denmark has consistently hoped to reach an agreement with the US within the bounds of diplomatic rules.Greenlands Prime Minister: The current remarks by the United States are "unacceptable".January 23 – According to the Financial Times, Elon Musks rocket manufacturer SpaceX is seeking Wall Street investment banks for a "mega" IPO, expected to be one of the largest in history. Sources familiar with the matter revealed that Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley have been appointed as lead underwriters for the IPO, responsible for leading the listing process. SpaceX executives have held talks with several investment banks in recent weeks, and the company is preparing for an IPO that could launch as early as this year. Currently, SpaceX is conducting a round of existing share sales, valuing the company at approximately $800 billion. Sources also indicated that other investment banks are likely to be involved in the underwriting, but emphasized that the arrangements are not yet finalized and the situation is still subject to change.

The EUR/USD Price Analysis Is Supported By Rebounds From 1.0840-45

Alina Haynes

Apr 11, 2023 14:37

EUR:USD.png 

 

On Tuesday morning, the EUR/USD reaches a new intraday peak near 1.0880 as bulls attempt to regain control following a two-day downtrend. Consequently, the Euro-U.S. dollar pair recovers after the convergence of the 100-day simple moving average and a two-week-long ascending support line.

 

However, the recovery movements of the major currency pair remain elusive unless the quote remains below the 13-day-old horizontal resistance area surrounding 1.0930.

 

A one-week-old descending trend line near 1.0900 is protecting the EUR/USD pair's near-term upside at press time.

 

In the event that the EUR/USD pair maintains strength above 1.0930, the 1.0975 monthly high may serve as the last line of defense for pair sellers before pushing the price to February's high of 1.1033.

 

Alternately, a breach of the 1.0840-45 support confluence would drive the price to the 1.0788 monthly low without hesitation.

 

Future EUR/USD skeptics may be challenged by the 50% and 61.8% Fibonacci retracement levels of the pair's March-April upswing, respectively near 1.0745 and 1.0690.

 

To restore market confidence, supporters of the EUR/USD must surpass 1.0930. The quote remains on the bears' radar despite the fact that 1.0845-40 limits the near-term decline.


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