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Day: November 25, 2019
November 252019
Japanese Yen Falls on Mixed Leading Economic Indexes, IMF Forecast
The Japanese yen is falling against some of its major currency rivals to kick off the trading week. Key economic indexes drove the yenâs slide, which comes days after disappointing factory activity data. Since the federal government is expected to unleash stimulus measures, can Tokyo turn the ship around and prevent slipping into a recession? On Monday, the Cabinet Office reported that its Coincident Index came in at 101.1 […]
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November 252019
Bulls Still Fighting over the 0.6800 Level on AUD/USD
The Australian dollar versus the US dollar currency pair looks as if it is under bearish control, but bullish sings are also in the loop. Long-term perspective After peaking at 0.6929, the price depreciated and printed a low at 0.6769. Alongside this movement, it interacted with two levels. The first level, the major support of 0.6858, was not able to halt the drop, as the price passed it with relative ease. On the other […]
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