EUR/USD Decent bullish momentum. Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

EU summit starts today in Brussels The drama is spread over 2 days

As we have come to expect from EU officials and heads of state, everything is last-minute and these muppets ‘work’ late into the night. To this mix we can now add German finance minister Olaf Scholz who yesterday said his country was ‘’is not willing to have extra debts’’. According to his department’s calculations GDP this year will be 0.5 per cent and 1.5 per cent in 2020 while unemployment stands at 2.9 per cent this year and will dip to 2.7 per cent next year. This was in an interview with CNBC yesterday.

Many in the US Republican party have condemned their President’s withdrawal of American troops from Syria. According to House speaker Nancy Pelosi this led to Donald Trump’s ‘’meltdown, sad to say’’, he accused her of being ‘’unhinged’’ and she stormed out of the meeting.

Financial Markets and Political Commentary
 

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