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USD/JPY recovers from the 105.98 May low to test 200-DMA at 108.40

Jun 26, 2020

USD/JPY continues to recover off the 105.98 early May low. It is back in the range and is probing some moving average resistances. These extend up to 108.40

GBP/USD, EUR/USD Rates at the Mercy of US Trade Talks

Jun 25, 2020

Equity markets sank during Asia-Pacific trade as coronavirus concerns, escalating geopolitical tensions and a downgraded global growth forecast from the International Monetary Fund (IMF) soured investor sentiment.

S&P 500: Deeper correction below the critical 200-DMA at 3020

Jun 25, 2020

S&P 500 moved sharply lower yesterday breaking below 3079/66, which turns the focus onto the crucial 200-day average at 3020/18

AUD/USD: Clearance of tough resistance at 0.6977 to test 0.7032

Jun 25, 2020

AUD/USD remains capped by the key resistance at 0.6977 but after a consolidation phase, analysts at Credit Suisse expect the aussie, which stages a modest intraday recovery of 0.15%, to test the 0.7032 level.

EUR/USD Price Analysis: Focus now shifted to 1.1170

Jun 25, 2020

EUR/USD is down for the second session in a row in the second half of the week, accelerating the move from earlier tops in the mid-1.1300s.

USD/JPY: Recovery to speed on a break above 107.50

Jun 25, 2020

The USD/JPY pair trades near a daily high of 107.27, extending its recovery from the 106.00 region, but is neutral in the short-term while below the 38.2% Fibonacci level at 107.50.

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