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Market Update – News and Market Wrap – Breakdown USDJPY GBPJPY

jeffriess
November 6, 2019
by Joseph Jeffriess, Market Analyst

Article Recap

• RBA hold rates at 0.75% hints easing may have ended.
• ISM Non-Manufacturing PMI increases to 54.7
• NZ Unemployment Increases to 4.2%
• PBOC sets the yuan reference rate at 7.0080
• AUDJPY touches new 4-month highs overnight

We have no high impact economic news out today or in tonight’s Euro and NY sessions.

Afternoon traders, today’s Asian session remains flat with the EUR and the AUD making the main gains to the USD. The majors are trading flat to lower to the JPY after last night’s strong gains. Stocks remain mixed, the ASX200 now in the red after its morning rally ran out of steam, price now 0.25% lower. The Nikkei is holding a 15 pt rally and Chinese indexes are all in the red.

Today’s market video, we look at main market movements and key news that’s hit since yesterday. We look at the current rallies from the majors to the yen and do a breakdown on the USDJPY and GBPJPY daily charts, looking at their current price positions and patterns.

All times are AEST.