TheNews

The manufacturing sector in China continued to expand in July, albeit at a slower pace, the latest survey from Caixin revealed on Monday with a manufacturing PMI score of 50.4.

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The July Fed meeting changed the trajectory for the US Dollar for the rest of 2022.

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The Euro slightly gained as the US Dollar weakened. US GDP shrinking once again placed more focus on a pivot from the Federal Reserve. Are markets wrong? All eyes are on non-farm payrolls data.

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Fresh data prints coming out of the US and Canada may influence the near-term outlook for USD/CAD amid the ongoing shift in monetary policy.
The daily price is located near and above 200 SMA in the bullish area of the chart. If the price crosses the 100 SMA together with fibo support level at 1,2787 to below so the secondary correction will be continuing with the possible daily bearish reversal. If the price is bounced from 100 SMA and support ...

The Australian Dollar rollicked through the week, with CPI coming in high but below expectations before the Fed and US GDP decimated the US Dollar, lifting AUD/USD.
The daily price is breaking the bullish triagle pattern with resistance level at 0.7012 to above for the daily primary bullish reversal to be started.

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