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Daily Currency Outlook: GPB/JPY And EUR/JPY : October 03, 2016

Daily Outlook Daily Pivots: (S1) 130.58 (P) 131.26; (R1) 132.11; GBP/JPY is still staying above 129.61 support and intraday bias remains neutral. Another recovery cannot be ruled out. But upside should be limited below 138.81 resistance. Eventual downside breakout is expected and break of 129.61 will resume the larger down …

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Euro-Zone’s Manufacturing Activity Picked Up In September

For the 24 hours to 23:00 GMT, the EUR declined 0.2% against the USD and closed at 1.1213. Meanwhile, Euro-zone’s final Markit manufacturing PMI advanced to a level of 52.6 in September, in line with market expectations and confirming the preliminary print. The PMI had registered a reading of 51.7 …

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UK Manufacturing Activity Hits Highest Level Since June 2014 In Septembe

For the 24 hours to 23:00 GMT, the GBP declined 0.65% against the USD and closed at 1.2847. In economic news, data showed that UK’s seasonally adjusted Markit manufacturing PMI unexpectedly climbed to a level of 55.4 in September, hitting its highest level since June 2014, reassuring investors that the …

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Canada’s RBC Manufacturing Pmi At Seven-Month Low Level In September

For the 24 hours to 23:00 GMT, the USD rose 0.01% against the CAD and closed at 1.3114. On the data front, Canada’s RBC manufacturing PMI eased to a level of 50.3 in September, hitting its lowest level in seven months, after recording a reading of 51.1 in the previous …

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USD/JPY Technical Analysis: Fault Lines Are Showing Favoring JPY

Talking Points: USD/JPY Technical Strategy: Sideways Consolidation Favors Downward Continuation USD/JPY Cross-Currency Basis Hits Lowest Level Since 2011 Triangle Pattern In Focus, Downside Breakdown Favored USD/JPY has moved off the psychological barrier of 100 multiple times in rather aggressive fashion since first testing sub-100 after the EU referendum showed a …

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