Nov 062019
Chinese yuan surges to three-month high on trade optimism, 'tiny' rate cut
Typically, a rate cut will bring depreciation pressure to the currency,â Commerzbank told clients, adding the trade optimism was the main factor driving …
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EM ASIA FX-Chinese yuan, peso lead gains as trade deal hopes lift mood
“The progress in China-U.S. trade talks has lifted the sentiment in the currency markets, particularly in the yuan as there are some talks about U.S. …
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AUD/USD Analysis: RBA Meeting Fails to Foster Break of October High
Keep in mind, the AUD/USD rebound following the currency market flash-crash has been capped by the 200-Day SMA (0.6950), with the exchange …
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GBP/USD Squeezed By Moving Averages
It is likely that the currency pair could make a reversal north in the nearest future. Note that the pair would have to surpass the resistance cluster …
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