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Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 181554, member: 22847"] [B]AceTraderFx[COLOR=rgb(184, 49, 47)] May 28:[/COLOR][/B] [B]Intra-Day News and Views & data to be released today- USD/JPY Intra-Day Market Moving News and Views[/B] Update Time: [B]28 May 2020 [/B][I]04:30GMT[/I] USD/JPY - 107.77.. Although the pair continues to trade in familiar territory, gyrating inside recent 108.08-107.33 range, yesterday's rise from 107.37 (Asia) to 107.94 in New York morning on safe-haven usd buying due to rising U.S./China tensions suggests pullback from last Tuesday's -month peak at 108.08 has possibly ended, however, subsequent usd's retreat on rally in U.S. stocks (the Dow hit a 2-month high and ended up 2.21% for the day) would yield range trading initially today. Offers are tipped at 117.90/00 with stops reported above 108.10. On the downside, initial bids are noted at 107.70-65 with stops below 107.50, more bids are touted at 107.40-30 with stops reported below there. We have data dump from the U.S. later today (please refer to our EI page for details), once again, market's attention is on weekly jobless claims n continued jobless claims to get the latest pulse of the economy in the wake of coronavirus pandemic, however, as market is accustomed to the rising unemployment but this is seen to be temporary and will start to recede due to easing of lockdowns, the data is unlikely to have a strong impact on price. [/QUOTE]
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