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Christin Tuxen, chief analyst at Danske Bank, points out that they have lifted their EUR/GBP forecast from 0.86 to 0.90 and expect a higher trading range of 0.86 (in the event of renewed optimism on Brexit) to 0.91 (further weakening of data and worsening of sentiment on Brexit). Key Quotes “In the coming months, (1)
Nearness to important resistance-confluence, overbought RSI signal pullback. 4H 100-MA seems nearby support to watch. EUR/JPY’s week-long gradual recovery is close to important resistance-confluence as it trades near 122.65 during the early Asian session on Tuesday. 200 bar moving average (4H 200 MA), five-week long descending trend-line and 50% Fibonacci retracement of latest downpour from
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The Office for National Statistics (ONS) published the UK industrial and manufacturing production data on Friday, with the overall industrial activity showing sluggishness in the month of April. Manufacturing output arrived at -3.9% m/m in Apr versus 0.2% expectations and 0.9% booked in Mar, while total industrial output came in at -2.7% vs. 0.1% expected and 0.7%
USD/CNH tests trendline resistance ahead of China data.  China’s trade surplus and money supply figures are due at 02:00 GMT.  A below-forecast China exports figure could hurt risk assets.  The USD/CNH is flashing green with above-6.94 print ahead of the release of China’s trade and money supply figures.  The currency pair tested the resistance at
Chia SAFE says sound fundamentals a solid support for stable operations in FX market Coming Up! Title text for next article China’s Forex regulator, the State Administration for Foreign Exchange. says economy’s ability to counteract external shocks has strengthened sound economic fundamentals will provide solid support for stable operations in the fx market sound economic