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admin July 3, 2020

GBP/JPY flat around 134.00 after Thursday’s reversal from 134.70. Brexit uncertainty and UK’s downbeat economic outlook are weighing on GBP. Support at 133.70 keeps the near-term positive tone. The pound has remained trading sideways around 134.00 on Monday, with bearish attempts contained at 133.70 after Thursday’s reversal from two-week highs at 134.70. Brexit uncertainty remains weighing […]

admin July 3, 2020

AUD/USD looks to end second straight week in positive territory. Market action remains subdued due to Independence Day holiday in US. Reserve Bank of Australia (RBA) will announce policy rate decision next Tuesday. The upbeat macroeconomic data releases from Australia and China this week helped the AUD gather strength against its rivals. After starting the […]