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    Midday Brief – The dollar surrenders some ground as risk appetite emerges

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    Are Short USDJPY traders trapped?

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    Forex Technical Analysis – Malaysian Ringgit

    USDMYR Technical Analysis

    AUDJPY technically still bullish, as risk sentiment turns very bearish

    AUDJPY technically still bullish, as risk sentiment turns very bearish

    Sea of red, but not the Santa kind

    A risk-off start to the day as global equities lose ground

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Pound under pressure, GBP/USD at yearly low

Ricardo Evangelista by Ricardo Evangelista
June 18, 2019
in Forex, Markets, Politics
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Trading at yearly lows to the Dollar, just above $1.25, the Pound is under pressure.

Another would be potential Tory leader and future Prime Minister pulled out from the race and vowed to support Boris Johnson, as the next leader of the party and country. 

In the meantime, Mr Johnson keeps repeating that a no deal Brexit will occur on the 31st October unless the EU agrees to his demands. This is worrying for the markets; a no deal scenario is widely seen as the most negative scenario for the economy. That is the reason why investors are turning their backs to Sterling, causing a depreciation in relation to other currencies.

Photo by John Cameron.

Tags: Boris JohnsonGBP/USDno-deal Brexit
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Ricardo Evangelista

Ricardo Evangelista

Has undertaken a number of senior roles in his current employer including running the international desk, responsible for managing sales, customer services and marketing functions for a number of territories, as well as acting as a regular public speaker at events and contributor to TV and other media through interviews and market analysis. Since November 2016 he has been the Senior Executive Officer (SEO) of ActivTrades Dubai branch, having overall management responsibility of the branch. Prior to joining ActivTrades Ricardo worked in the IT and Financial industries.

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