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Asian markets were painted red on Tuesday with Chinese stocks leading losses as disappointing PMI services data fuelled concerns over the nation’s sluggish economic recovery.
China surprises with rate cut, US retail sales in focus
China’s central bank hijacked the headlines on Tuesday morning after unexpectedly reducing a key rate by the most since 2020 to shore up its weak economy.
The USDJPY remains under pressure as bears switch up the pressure. Prices are approaching support around 130.00 and could experience a breakdown if the dollar continues to weaken.
Asian markets were painted red on Tuesday with Chinese stocks leading losses as disappointing PMI services data fuelled concerns over the nation’s s...
China’s central bank hijacked the headlines on Tuesday morning after unexpectedly reducing a key rate by the most since 2020 to shore up its weak ec...
The USDJPY remains under pressure as bears switch up the pressure. Prices are approaching support around 130.00 and could experience a breakdown if th...
USDJPY
USD
momentum
MACD
Technical Analysis
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