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Lower than expected tariffs lifts stocks – Sends safe-havens lower to to risk Currencies; Bank of Japan heavy news day coming up
Despite a weaker USD, Gold fell by 3.48 cents. price continues to hold in a range seen from the daily chart. Better than expected tariff amounts kept the safe havens lower, risk rallied to the JPY and USD through the London and US sessions.read more
Eightcap Forex technical insights; USDCAD boosted by trade and employment data but technical pressure remains.
Fundamentals on the short to medium term do show buyer support, the momentum break on the daily chart is an example of this. As per the notes, a resistance area remains. Looking at price in further detail from the 4-hour chart (2nd chart below) we can see a clear trend……read more
Traders technical signs are appearing that US30 buyers could be setting up for a new leg higher. The fundamental reasons that may hold the US30 back remain, – trade issues, continue to impact buyer momentum these are between the U.S and China, Europe and Canada.read more
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