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Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 183977, member: 22847"] [B]AceTraderFx [COLOR=rgb(184, 49, 47)]Aug 05[/COLOR][/B]:[B] Intra-Day News and Views & data to be released today[/B]- [B]USD/JPY Intra-Day Market Moving News and Views[/B] Update Time[B]: 05 Aug 2020 [/B][I]05:30GMT[/I] USD/JPY - 105.59... The greenback edged up to 106.19 in Asia yesterday before retreating to 105.85 in early European morning. Despite another rebound to 106.19 at New York open, failure to penetrate this level triggered renewed selling interest and the pair dropped to 105.64 in New York afternoon on falling U.S. Treasury yields together with cross-buying in jpy, then lower to 105.52 in Asian morning today. Although dollar's intra-day break below yesterday's low at 105.64 suggests 1st leg of correction from last Friday's 4-1/2 month trough at 104.19 has ended at 106.47 on Monday. Bids at 105.40/50 and below at 105.20/30 should contain downside and yield another rebound later today. Pay attention to the release of U.S. ADP employment at 12:15GMT and ISM non-manufacturing PMI at 14:00GMT. Street forecasts are 1,500k and 55.0 vs previous readings of 2,369k and 57.1 respectively. [/QUOTE]
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