Month: May 2020

Australian dollar technical analysis Credit Suisse discusses AUD/USD technical outlook and highlights the importance of the 0.6706 level for near-term direction.  “AUDUSD saw another concerted effort to break above the pivotal resistance zone composed of the 200-day average, the March high and 78.6% retracement at 6706. Although further consolidation should still be allowed for, in
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Trump says he will take action against China Strong comments to start, more to come. He brought Pompeo and Mnuchin, which is a hint of something big coming. Chinese government has continually violated its promises to us China unlawfully claimed territory in Pacific ocean China’s coverup of the Wuhan virus allowed it to spread all
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Purchasing managers’ index (PMI) data for May from China’s National Bureau of Statistics (NBS). Manufacturing PMI 50.6 expected 51.1, prior 50.8 Non-manufacturing 53.6 expected 53.5, prior 53.2 Composite 53.4 prior 53.4 Expansion for the manufacturing sector continued in May, although by a smaller margin than in April. Just over 80% of manufacturing business has now
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SECRET forex trading strategy for #USDCAD using Crude Oil and U.S. Dollar Index – USDX, DXY, DX. The #CanadianDollar and crude oil are strongly correlated. Correlations between the world’s most heavily traded commodities and currency pairs are common. For example, the Canadian dollar (CAD) is correlated to oil. The U.S. Dollar Index (USDX, DXY, DX)
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