SubscribeElsewhere, the USD/JPY pair gained 0.2% at 113.21.
Thread: Eur/Aud
Elsewhere, the USD/JPY pair gained 0.2% at 113.21.
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zainm6050 (2019-05-23)
The USD/CNY pair slipped 0.06% at 6.9450 as the People's Bank of China (PBOC) set the yuan reference rate at 6.9453 vs Friday's fix of 6.9306.
Looking ahead, Federal Reserve Vice Chairman Richard Clarida speaks in New York on Tuesday, and Chairman Jerome Powell addresses the New York Economic Club on Wednesday.
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zainm6050 (2019-05-23)
All eyes this week would be on U.S. President Donald Trump and his Chinese counterpart Xi Jinping’s planned meeting at the G-20 meeting that kicks off on Friday.
Market watchers are hoping that talks between the pair could lead to a ceasefire in the trade war between Washington and Beijing.
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zainm6050 (2019-05-23)
The AUD/USD pair also gained 0.2% to 0.7248.
The U.S. dollar index that tracks the greenback against a basket of other currencies remained unchanged at 96.825.
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zainm6050 (2019-05-23)
The GBP/USD pair last traded at 1.2815 at 11:46 PM ET (04:46 GMT), up 0.01%.
May needs to gain Parliamentary approval for the deal in Westminster to move forward with Brexit and failure could lead the U.K. leaving the EU without a deal, according to reports.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
zainm6050 (2019-05-23)
The British pound was little changed on Monday in Asia after European Union leaders gave their official endorsement of U.K. Prime Minister Theresa May’s Brexit withdrawal, and warned British politicians that it was the best deal possible for Britain because there is no “plan b.”
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zainm6050 (2019-05-23)
If Gold cannot close above 1222, we will look for a move back down into 1206. Any subsequent breaks of this level however may result in a bigger move down into 1187, and if momentum to the downside remains very strong we cannot rule out a sharp move into 1170.
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zainm6050 (2019-05-23)
GOLD is now at a make or break and this market is showing signs of a BIG move coming.
For a move higher we must now see this market close above 1222. Should this occur we will look for a retest of 1238. A close above this level may likely see a further move to the upside into 1247 before a pause. Should momentum remain very strong, we could see a fast move into 1260.
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zainm6050 (2019-05-23)
On the downside, should we fail to close above 1.2868, we could see this market retest the key 1.2720 level. A strong break below this level however sets this market up for a bigger move down into 1.2622; and if downside momentum remains strong we could see a quick drop into 1.2480.
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zainm6050 (2019-05-23)
For a continued move to the upside, we would like to see Cable close above 1.3035, followed by a retest of 1.3161 before a pause. Should this occur we will look for a move to 1.3191 and 1.3277; and if momentum is very strong we could see a re-test of last week’s highs into 1.3386.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
zainm6050 (2019-05-23)
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