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Equities fell and safe havens made gains on Tuesday. In the backdrop, the US and China are set to resume the trade talks today.
However, moves from Washington suggest that the US will go ahead with restricting investments in China. This could potentially become a talking point as the trade talks resume.
China said that it strongly opposes the decision to blacklist some of the tech firms in China.
German Industrial Output Rebounds
Germany’s industrial output data for August surprised, rising 0.3% on the month. The data soothed concerns about a possible recession in the eurozone’s largest economy.
The increase also beat the estimates of a 0.2% increase from economists. Industrial production grew by 0.7%, while energy production fell 1.7%. Construction output was down 1.5% during the month.
Can the EURUSD Rebound?
The common currency slipped largely due to the strength in the US dollar. Price action indicates that the pair is testing the support area of 1.0944.
A firm test of this suppor...
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