Daily

The following is a summary of the previous day’s foreign exchange market movements in the major currencies and the commodities markets. It is meant as an informative guide to the reasons underlying currency and commodity movements seen in the previous day’s foreign exchange trading. Together with a market snapshot at close of the New York session, indicators/events released during the session are outlined compared with their expected level of influence before release. This fundamental analysis summary also highlights upcoming data/events which may influence currency movements upon their release.

You will also find a technical analysis snapshot at time of release, highlighting support and resistances of each of the major currencies and gold. Coupled together with the reasons behind these important levels, traders can expect some support or resistance when these levels are reached.

TraderTalk | USD/JPY rally lifts all crosses post BOJ | 1st August 2018

August 1, 2018

TraderTalk | USD/JPY rally lifts all crosses post BOJ | 1st August 2018 -USD/JPY extends to 111.90 post BOJ -Trump threatening to increase Chinese tariffs to 25% -EUR/USD fails at 1.1750 range top again easyMarkets / APAC Dealing Team Australia (toll free) T 1800 176 935 International +61 9299 9466… read more

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