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USD/JPY Extends Breakout on Dollar Comeback, Struggling Safe-Havens

With French election risk in the rear-view mirror and earnings-driven US stocks (S&P 500, Nasdaq) having hit new record highs, a prolonged risk-on environment has further taken hold of major financial markets.
Of course, geopolitical and economic risks certainly remain prevalent, but markets within the past three weeks have seemingly brushed off many of those concerns. As a result, market volatility continues to decrease, pressuring assets perceived as safe-haven instruments, including gold and …
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Pound Steady as Markets Relieved Over Macron Win

GBP/USD has edged lower in the Monday session. In North American trade, GBP/USD is trading at 1.2940. It's a very quiet start to the week, with no major releases out of the UK or the US. On Sunday, Emmanuel Macron easily defeated Marie Le Pen to win the French presidential election.
It was a clean sweep for PMI reports last week, as the Manufacturing, Construction and Services PMIs all beat their estimates. These releases underscore a solid British economy, despite continuing jitters over Britai…
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USDCHF: Bearish, Closes Lower

USDCHF: The pair closed lower the past week leaving risk of more declines on the cards in the new week. On the downside, support lies at the 0.9800 level. A turn below here will open the door for more weakness towards the 0.9750 level and then the 0.9700 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the 0.9950 level where a break will clear the way for more strength to occur towards the 1.0000 level. Further out, resistance c…
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French Election 2nd Round: Would a Macron Win Extend the Euro Rally?

The time has come once again for markets to speculate on who will ultimately become the next president of France, as the second round of the French presidential election is set for this Sunday. But this time, unlike the first round of the election two weeks ago, the deep market concerns that anti-euro candidate Marine Le Pen might have a good chance to win have turned into a distinct expression of relief that pro-euro Emmanuel Macron is increasingly likely to pull out a potential landslide victo…
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GBP / USD Trades Off Highs antes do FOMC

O GBP / USD permanece fora de suas elevações anuais em 1.2965, porque os comerciantes esperam esta tarde a decisão da taxa de FOMC. As expectativas para o evento de hoje são ajustadas para ver as …
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Dólar australiano estável apesar do serviço PMI

Um dólar australiano já mais alto não conseguiu muito mais elevação quarta-feira apesar de notícias encorajadoras do setor de serviço de seu país de origem.
O desempenho do índice dos serviços do grupo industrial australiano veio dentro em 53.0 em abril, acima do impressão 51.7 março. Esta medida reflete os índices de gerentes de compras lançados em outro lugar, com qualquer leitura acima de 50 significando expansão.
A AIG disse que quatro dos cinco subíndices que contribuem para a manchete viu …
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EUR / NZD

Esta é uma atualização da ideia EUR / NZD apresentada em 4/19 . Na época, o EUR / NZD estava negociando pouco menos de 1.5300 e eu escrevi que "estou procurando por um grande upside (poderia quebrar uma linha de tendência multiyear), mas iria notar apenas acima de 1.5800 como um local para t…
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EURopean Open Briefing: Tensions Between the US and North Korea Keep Traders Worried

Hello
  • Asian stock markets: Nikkei down 0.05 %, Shanghai Composite fell 1.30 %, Hang Seng and ASX 200 closed for holiday

  • Commodities: Gold at $1292 (+0.30 %), Silver at $18.59 (+0.45 %), WTI Oil at $52.75 (-0.80 %), Brent Oil at $55.45 (-0.80 %)

  • Rates: US 10 year yield at 2.21, UK 10 year yield at 1.05, German 10 year yield at 0.19

News & Data:
  • China GDP QoQ 1.3 % (exp 1.6 % prev 1.7 %)
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