A hawkish tilt by the Bank of Japan sent the US dollar lower overnight allowing the precious metal to test a prior zone of resistance.
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A hawkish tilt by the Bank of Japan sent the US dollar lower overnight allowing the precious metal to test a prior zone of resistance.
from DailyFX – Market News https://ift.tt/2GZdsh3
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The Bank of Japan (BoJ) sent the Japanese Yen spinning higher after it loosened its yield curve control (YCC) policy, giving the market a hawkish policy hint.
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The pound is continuing to exhibit signs of weakness against the USD and EUR on the basis of central bank divergence leaving GBP exposed to further depreciation.
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EUR/USD Bounces off support yet low liquidity could cap any significant gains. Could we remain rangebound ahead of the New Year?
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The 24-hour FX market makes it easier for part time day traders to take advantage of trends.
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