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US-China woes, coronavirus crisis to hit Japanese economy sharply – Reuters poll
The latest Reuters poll of 32 economists showed on Friday, the Japanese economy is likely to contract sharply and suffer mild deflation this fiscal year, in the light of the devastating impact of the coronavirus pandemic and US-China tensions.
Key findings
“The economy is forecast to shrink 5.6% in
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GBP/JPY Price Analysis: 13-day-old support line in focus
GBP/JPY eases from 5.5-month high, takes a U-turn from ascending trend line established since March 02.
Overbought RSI conditions suggest pullback, 61.8% Fibonacci retracement adds to the support.
Bulls can aim for the early-February low beyond a sustained rise past-140.00.
GBP/JPY drops to 139.56,
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USD/JPY Mid-Day Outlook
Daily Pivots: (S1) 106.54; (P) 106.78; (R1) 107.12;
Intraday bias in USD/JPY remain son the upside for the moment and outlook is unchanged. Corrective fall from 111.71 should have completed with three waves down to 104.18, after missing 100% projection of 111.71 to 105.98 from 109.85 at 104.12. Furt
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China Stock Market Tipped To Open In The Red
The China stock market on Thursday snapped the two-day slide in which it had fallen nearly 60 points or 2.8 percent. The Shanghai Composite Index now sits just above the 3,320-point plateau although it figures to hand those gains right back on Friday.
The global forecast for the Asian markets sugges
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How to protect yourself and profit during volatile market changes?
As we all know, the financial derivative market is constantly changing, and the market situation is unknown to us at any moment. This requires us to have a strong sense of self-protection in every step we take to maximize our risk resistance.In this article, we will use real-life examples to demonst
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US stocks set for flat open
Friday was flat too
S&P 500 futures point to a one-point gain at the open after a 2 point climb on Friday.
The market isn't taking much of a signal from Trump's executive orders or anything else today. But this kind of complacency always lead to big 'unexpected' moves in time.
Pull-up Update