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Trading in the FX Market is more than just plotting indicators and placing an EA on a chart. Fundamentals are the catalyst and the driving force behind price moves, and if you aren’t keeping your ear to the ground, any one of a myriad of news events can seriously ruin your day. Bookmark this page to stay up-to-date on trending news and upcoming news events that affect your trading.

EUR/USD should find initial support at 1.1624

EUR/USD appears reluctant to tackle resistance offered by the 1.1745/50 area and the 1.1790 recent high. This has rejected the market many times and remains formidable resistance.

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EUR/JPY Technical Analysis: Door open for a test of 132.00 and above

EUR/JPY keeps trading on a positive note on Wednesday, extending the rally beyond 131.00 the figure and at the same time re-taking the key 200-day SMA. The continuation of the bull run should allow for a test of July’s top just beyond the 132.00 milestone ahead of April’s high in the mid-133.00s. In addition, the cross remains constructive as long as the short-term support line, today at 129.03, holds. ‍

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AUD/USD still neutral, likely to consolidate near term

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US: Inflationary impact of Chinese tariffs to be modest - TDS

Analysts at TD Securities suggests that as the third $200bn batch of Section 301 tariffs on China has been announced by the Trump Administration, but they expect US inflationary impacts to be modest, along with negative growth impacts. Key Quotes “The finalized tariff list still targets a minority share of consumer goods and an even smaller share of the CPI basket. Import market share of the targeted goods is relatively small, and pass-through from capital and intermediate goods prices, which will bear the brunt of the tariff impact, is also low for the relevant categories.”

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GBP futures: up move seen running out of steam

Advanced figures for GBP futures markets showed investors added just 770 contracts on Monday vs. Friday’s final 314,579 contracts, according to CME Group. On the other hand, volume dropped by almost 66.6K contracts. GBP/USD could test the 100-day SMA at 1.3170

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USD/JPY positive view unchanged above 110.76 – Commerzbank

The pair should keep the constructive outlook while above the 110.76, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank.Key Quotes “USD/JPY is probing the 112.00/15 resistance and for now, while underpinned by the uptrend today at 110.76, our bias is positive. The market has recently tested and recovered from support offered by the 55 week moving average at 110.38 and the 200 day moving average at 109.76.

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GBP/USD Technical Analysis: holding into bullish pressure despite risk flows

The Sterling is looking for higher gains as Brexit hopes push traders into the bullish camp. With trade wars beginning to ramp-up, buying pressure is going to face severe headwinds. The economic calendar remains thin until Wednesday's inflation reading for the UK, leaving buyers to look up towards the 200-day EMA slung high above current prices. ‍

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EUR/JPY Technical Analysis: Still targets the 200-day SMA at 131.11

EUR/JPY is extending the bounce off Friday’s lows and is now resuming the upside with immediate target the 200-day SMA, today at 131.11. A surpass of the key 200-day SMA should pave the way for a continuation of the bull run to July’s tops in levels just above 132.00 the figure. On the downside, the 129.00/50 band should offer decent contention. This area is coincident with late July lows and the 21-day/55-day/10-day SMA. ‍

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Riksbank Minutes amongst market movers today

Analysts at Danske Bank suggest that in Sweden, the highlight of the day will be the minutes from the 6 September Riksbank meeting, which will be scrutinised for clues about the next policy step. Key Quotes “We will look for an indication of a first policy hike in either December or February.”

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GBP/USD Technical Analysis: Bears waiting near 1.31

The Sterling-Dollar pairing is looking for more bullish momentum despite the US Dollar's broad-market bull moves recently.

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