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Chinese manufacturing activity plunged to an all-time low in February, with the first official data published amid the coronavirus outbreak confirming fears over the impact on the Chinese economy.

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Canadian Dollar, USD/CAD Price Analysis As the US Dollar has continued to fall, USD/CAD has continued with strength. This highlights how the Canadian Dollar has recently been even weaker than the US Dollar. Can USD/CAD break out to fresh highs? USD/CAD Rallies into Resistance It’s been a continuation of fear so far through this week, with a possible turning...

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Asian Shares Mostly Lower; Bank of Korea Leaves Policy Rate Unchanged While Aussie Yields Hit Record Lows In an unexpected move, the Bank of Korea kept its benchmark policy rate unchanged. Central bank policymakers surprised the financial markets by holding the benchmark interest rate at 1.25% when analysts polled by Reuters were expecting a rate cut.

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Based on the early price action and the current price at .6435, the direction of the NZD/USD the rest of the session on Monday is likely to be determined by trader reaction to the short-term 50% level at .6441.

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BUY SETUPS LOW RISK TRADE

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The Australian Dollar inched lower on Friday, but still managed to close higher for the week. The Aussie continued to be supported by the Reserve Bank’s (RBA) optimistic outlook for the economy, but gains were likely capped by the strong U.S. economy and uncertainty over the economic impact of the coronavirus on China’s economy, Australia’s largest trading...

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Mortgage rates rose slightly in the week ending 13th February, ending a run of 3 consecutive weeks in the red. In spite of the weekly rise, mortgage rates were at the lowest level since 26th October 2019, when 30-year rates had also stood at 3.47%. Historically, rates sat just 15 basis points above a historical low 3.32% back in November 2012, according to figures...

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GBP/USDattempts to retrace the decline from the start of the month, but the Relative Strength Index (RSI) undermines the recent rebound in the exchange rate as the indicator continues to track the bearish formation carried over from December. follow me like share and comment

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The University of Michigan released preliminary figures for January consumer sentiment showing consumers remain upbeat about the state of the economy. USDJPY rose as the headline figure crossed the wires at 100.9, beating expectations of 99.5 and rising over last months read. follow me for more setups like comment and share

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The Australian Dollar inched lower on Friday, but still managed to close higher for the week. The Aussie continued to be supported by the Reserve Bank’s (RBA) optimistic outlook for the economy, but gains were likely capped by the strong U.S. economy and uncertainty over the economic impact of the coronavirus on China’s economy, Australia’s largest trading...

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Rishi Sunak was named the U.K.'s Chancellor of the Exchequer, just minutes after the surprise resignation of Sajid Javid. Sunak, the chief secretary to the Treasury, has a background in finance including at hedge fund The Children's Investment Fund as well as at Goldman Sachs. The pound was trading at $1.3021 up from $1.2960 on Wednesday. FOLLOW US

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US Major Indexes Hit Record Highs; GE Hits 52-Week High; Casino Stocks Back in Play Bank of America upgraded the casino stocks to buy from neutral. The firm said the casino companies, which have been hit from heightened fear about the Chinese coronavirus, will rebound as the number of virus cases meaningfully decline.

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BUY EURGBP Powell: Fed Will Fight Next Recession with Aggressive QE; Monitoring Economic Growth for Coronavirus Impact “The real question for the Fed is: What is the likely effect on the U.S. economy? And I think we’ll begin to see that in economic data coming up fairly soon. FOLLOW ME FOR LOWR TIME ENTRIES

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sell after correction It was an uncertain beginning of the week for the commodity currencies. In the meanwhile, how have the Asian currencies done? For the Japanese Yen There has been little influence from the economic calendar, with stats limited to current account figures that failed to move the dial. The lack of stats left the Yen in the hands of the news...

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aus200 looking good for sell pup 20 pips sl

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MIX SETUP BUY LOOK FOR SELL

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LOOKING TO SELL

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FOLLOW ME FOR MORE UPDATE ON ALL MAJOR SETUPS