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  • Writer's picturefxmethods

FOREX DAILY HIGHLIGHTS


CURRENCY HEAT MAP
Long-term U.S. Treasury yields to near nine-month lows.
Canadian dollar lags other G10 currencies as oil prices slump
Australian Dollar, ASX 200 May Yet Face RBA Rate Cuts in 2019
USD/JPY Bull-to-bear trend change confirmed
NZD/USD pair is now probing the former support-turned-resistance of 0.6787 – head-and-shoulders neckline.
Sterling had climbed to a 10-day peak of $1.2707 on Thursday but pulled back from the high after the Bank of England kept interest rates on hold, saying Brexit uncertainty had "intensified considerably" over the last month.
The People's Bank of China (PBOC) set the yuan reference rate at 6.8825 vs the previous day's fix of 6.8936. China will get worse before it gets better. They expect USD/CNY to stay flat over the next months.
EUR/JPY unable to capitalize on a weaker dollar with yen picking up the safe haven bid. EUR/JPY has eroded the 4 month support line.
GBP/JPY Oversold bounce likely before drop to 140.00, Japan's core CPI misses estimates
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