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    July starts with rising China manufacturing data and a strong dollar

    July starts with rising China manufacturing data and a strong dollar

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

    Asian equities could trade lower as global stocks underperformed

    Copper Technical Analysis – Bearish Under $400.00

    Copper Technical Analysis – Bearish Under $400.00

    Global equities turn positive as FTSE100 breaks through resistance

    Global equities turn positive as FTSE100 breaks through resistance

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    Asian equities could trade mixed as rising global bond yields and energy prices

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    July starts with rising China manufacturing data and a strong dollar

    July starts with rising China manufacturing data and a strong dollar

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

    Asian equities could trade lower as global stocks underperformed

    Copper Technical Analysis – Bearish Under $400.00

    Copper Technical Analysis – Bearish Under $400.00

    Global equities turn positive as FTSE100 breaks through resistance

    Global equities turn positive as FTSE100 breaks through resistance

    Asian equities could trade mixed as rising global bond yields and energy prices

    Asian equities could trade mixed as rising global bond yields and energy prices

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USDMYR Technical Analysis

Dyogenes Rodrigues Diniz by Dyogenes Rodrigues Diniz
May 20, 2022
in Forex
Reading Time: 1 min
0
Forex Technical Analysis – Malaysian Ringgit
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The US Dollar continues to rise against the Ringgit and is now trading at 4.4025. The recent bullish move follows the release of Initial Jobless Claims data, which came in slightly higher than expected for the USD (200k forecast against 218k real), but not enough to change the trend in the Dollar. On the Malaysian side, the Trade Balance data brought a slightly higher reading than expected, but not enough to encourage investors about the MYR. From a technical point of view, USDMYR is found in a broad resistance region, between 4.4000 and 4.4480. This is the highest price in years and a selling force could appear at any time. A pullback could bring the USDMYR up to the 4.2900 region in a few days.

Tags: US Jobless claimUSD/MYR
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Market Overview

July starts with rising China manufacturing data and a strong dollar

July starts with rising China manufacturing data and a strong dollar

by Neville Hornsey
July 1, 2022
0

Market Brief Caixin China's general manufacturing PMI jumped to 51.7 in June, up 3.6 points from the previous...

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