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Asia daily forex outlook


asia daily forex outlook

between Trump and Chinese leader Xi Jinping, who are expected to attend a G20 summit this month in Buenos Aires, the recently introduced 10 percent tariffs on 200 billion of Chinese goods will be thomas cook forex exchange rates raised to 25 percent and other tariffs. The.15 level is a strong psychological support underneath and will attract a lot of value traders to send this market higher towards the.16 level. An official survey on Wednesday showed the manufacturing sector expanding at its weakest pace in over two years, hurt by slowing demand both externally and domestically. Trade war impact deepens across Asia, but real economic shock yet to hit, Reuters, Nov. With GBP trying to break higher, the market is likely to be volatile in the next few sessions and will try to rally again. Read More, this article was originally posted on FX Empire.

November 01, 2018 @ 11:48 UTC. The intraday technical indicators are mixed and call for caution. Hence, as long.1075 is not clearly broken down, look for a new rise.1150 after a limited consolidation.

Those figures follow weaker-than-expected industrial production data from Japan and South Korea on Wednesday, with output in the latter shrinking the most in over 1-1/2 years. The AUD rallied higher on the Fridays session but ran into a short-term resistance around the.7120 level. The pair in the next few sessions is likely to continue moving higher with strong resistance placed around the 111.50 level and 110.50 level underneath is likely to be a strong support region. The Brexit headline is going to keep this market volatile and if this market breaks the.3125 level, then it can easily break down towards the.30 level. Read More, uSD/JPY, the USD rallied higher significantly during the Fridays session after stronger than anticipated job numbers were reported. EUR/USD, the Euro rallied significantly during the early session of Friday but pulled back only to find support underneath. The crucial.7150 level was broken in the Fridays session as USD continued to gain on the back of strong job growth.

Asia daily forex outlook
asia daily forex outlook


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