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Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 150336, member: 22847"] [B]AceTraderFx Jul 26: Intra-Day Market Moving News and Views -USD/JPY [/B] [B]Intra-Day Market Moving News and Views 26 Jul 2018[/B] [I]03:10GMT[/I] USD/JPY - 110.79.. The pair remains on the back foot in relatively subdued Asian trading after o/n drop to a 2-week trough of 110.67 due to broad-based usd's weakness following news of positive trade talk between U.S. Trump n European Commission President Juncker, however, price briefly bounced to 111.08 on active yen selling as aversion of US/EU trade war and gain in U.S. stocks boosted risk appetite. Although dlr has remained soft in Asian morning due to renewed usd's weakness as Asian traders are selling the greenback in early Asian trading, suggesting downside bias remains for marginal weakness after consolidation. Offers are tipped at 111.00/10 n more above with stops above 111.40. Some bids are noted at 110.70-60 with stops below there. U.S. will release a slew of eco. data later today starting with the usual weekly jobless claims, durable goods order, trade balance, wholesale inventories n Kansas City Fed mfg index. [/QUOTE]
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