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Global PMIs will be released today

Global PMIs will be released today

Information is not investment advice





Ichimoku Kinko Hyo

NZD/JPY: The NZD/JPY pair is now poised to exit the Kumo. If that happens, the currency pair will enter into a new bearish sentiment.


European Market View

Global PMIs will be released today. It is expected to show a continued gradual uptrend in August. In addition, we get the Euro area consumer confidence. The August figure will indicate if that was just a blip or whether European consumers are turning more cautious in their spending patterns.

European Key Point

  • Global PMIs will be released today.
  • Euro area consumer confidence.

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USD/JPY: target for selling

The resistance line is limiting USD/JPY on the upside and, unless the pair tries for a breakout (which anyway will meet resistance at 106.50 and 106.80), the easiest path for it will be to go down.


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