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Trade ideas thread - European session 20 July 2023

Trade ideas thread - European session 20 July 2023
It looks like the dollar demise may have to be put off until the Fed next week. USD/JPY ran up close to 140.00 on the recovery bounce yesterday before falling back while GBP/USD has declined strongly after the softer UK CPI data yesterday. The latter threatened a drop below 1.2900 before bouncing off its 200-week moving average at 1.2885 to keep around 1.2940 today.A China curveball is making things a little trickier as well, as the PBOC fixed the yuan currency extremely strong today. And that i... Read More
Posted: Jul 20 2023, 05:25
Author Name: forexlive
Views: 102573

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