EUR/USD “..bumping along the bottom as the economic outlook for the EU deteriorates” Chart & Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

EUR/USD SHORT TERM TRADER: Long at 1.1245; stop below 1.1170. Target 1.1380.

EUR/USD POSITION TAKER: New long at 1.1225; stop below 1.1170. Target 1.1425.

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Growing African instability Adds to disaster woes

The repercussions from the cyclone that devastated huge areas of Mozambique and neighbouring nations will takes years, not months, to ripple through. For several days now thousands of protesters have been sitting outside Sudanese President Omar al-Bashir’s home in the capital Khartoum, demanding regime change. He has ruled the split country for 30 years and is wanted by the International Criminal Court for mass killings in Darfur. In Libya, the capital Tripoli is on high alert as forces loyal to warlord Khalifa Hifter are said to be moving into its southern suburbs prompting a warning from US Secretary of State Mike Pompeo.

As from today a new Ultra Low Emission Zone comes into force in central London, 24 hours a day, every day of the week. A £12.50 charge, on top of the existing weekday congestion charge of £11.50, will be levied on pre-2015 diesel cars and petrol cars 14 years old or more. Penalties for non-payment start at £80 and rise to £1,000 for lorries. This is to tackle pollution in the capital which constantly operates at illegally high levels causing breathing, and cardio-vascular problems, and new research suggests psychosis too.

Financial Markets and Political Commentary
 

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