Upward Revision to 1Q U.S. GDP to Hamper EUR/USD Rebound


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An upward revision in the 1Q U.S. GDP Report may derail the near-term rebound in EUR/USD as it fuels speculation for an imminent Fed rate-hike.

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With key events on the US calendar and a three-day weekend ahead, market risk is highest during the North American morning hours today.
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The British Pound may overlook revised UK GDP data as Brexit speculation preoccupies investors. The US Dollar rally may resume as Fed rate hike bets swell anew.
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Oil is up a whopping 91% from the low set on February 11th, and a new psychological level just came into play. When might this rally find resistance?
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