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    EURUSD Technical Analysis – Breaking the lows

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    Silver Technical Analysis – Huge technical break

    July starts with rising China manufacturing data and a strong dollar

    July starts with rising China manufacturing data and a strong dollar

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    EURUSD Technical Analysis – Breaking the lows

    EURUSD Technical Analysis – Breaking the lows

    Silver Technical Analysis – Huge technical break

    Silver Technical Analysis – Huge technical break

    July starts with rising China manufacturing data and a strong dollar

    July starts with rising China manufacturing data and a strong dollar

    Inflation and the collapse of the euro

    EURAUD Technical Analysis – Bulls flirts with the 1.5350 resistance, a 4-months high

    US and European equities sold-off amid lagging global growth anxieties

    Asian equities could trade lower as global stocks underperformed

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USD/MYR Technical Analysis

Dyogenes Rodrigues Diniz by Dyogenes Rodrigues Diniz
January 13, 2022
in Forex
Reading Time: 1 min
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USDMYR Technical Analysis
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The US Dollar fell on Friday against the Ringgit and is now trading at 4.1750. The Initial Jobless Claims data came in higher than expected (230k real against 200k forecast) and this may have been the cause of the devaluation of the USD against its counterparts. Producer Price Index (PPI) data for the month of December also came in slightly lower than expected (0.2% real versus 0.4% forecast). This indicator (PPI) is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation and that’s another fact that made the USD to fall. From a technical point of view, the USDMYR is approaching an important support region on the daily chart at 4.1650, where it is likely to find some temporary support. If the price respects this level, it is likely to rise to the 4.2450 level in a few days.

Tags: US PPIUSD/MYR
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Dyogenes Rodrigues Diniz

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EURUSD Technical Analysis – Breaking the lows

EURUSD Technical Analysis – Breaking the lows

by Nathan Batchelor
July 4, 2022
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The euro nearly fell to a new 2022 trading low last week, after the US ISM missed the...

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