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Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 181704, member: 22847"] [B]AceTraderFx [COLOR=rgb(184, 49, 47)]Jun 01[/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]01 Jun 2020 [/B][I]04:30GMT[/I] USD/JPY - 107.70.. Dollar moved relatively narrowly in Asia despite intra-day broad-based weakness in usd vs other G7 peers, however, renewed yen selling on return of risk sentiment after U.S. Trump left U.S./ China trade deal untouched at Friday's press conference on China as well as upbeat China official n private PMIs (see previous updates for details) suggest range trading with upside bias remains. As rebound from Friday 107.09 low (Europe) to 107.89 in New York suggests pullback from May's peak at 108.08 has possibly ended, bullishness remains for re-test of this res. Bids are noted at 107.65-55 with stops below 107.30, more stops are reported below 107.00. Offers are tipped at 107.90/00 with stops touted above 108.10. Today is PMI day in the U.S., we have Markit mfg PMI, construction spending n then ISM mfg PMI. [/QUOTE]
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