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      10/06/21 10:53

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    Joined 07/02/23 10:59
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    • Charting the Markets - February 7, 2023 EUR/USD and GBP/USD drop back while USD/JPY bounce stalls. And WTI rallies while gold holds and aluminium slips. Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Tuesday 07 February 2023                      This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
    • Aussie dollar lifted as RBA raises rates and says more to come.                      
    • EUR/USD and GBP/USD drop back while USD/JPY bounce stalls The dollar continues to recover following Friday’s non-farm payrolls, pushing down EUR/USD and GBP/USD while lifting USD/JPY.  Chris Beauchamp | Chief Market Analyst, London | Publication date: Tuesday 07 February 2023 EUR/USD edges higher off 50-day SMA A revival of dollar strength has seen the uptrend in EUR/USD take a knock. The price has retreated swiftly over the past three sessions towards the rising 50-day simple moving average (SMA), setting up a possible higher low if a rebound develops. This then reinforces the bullish view and puts a move back to $1.10 into play. Continued losses below the 50-day SMA would then target the early January low around $1.05. Source: ProRealTime GBP/USD decline slows Price action here with GBP/USD has seen the pair drop back below the 50-day SMA, and with a second failure to break the $1.24 level in two months now in a more bearish view may start to prevail. If the 200-day SMA is lost then the January low around $1.187 is possible support, followed up by $1.18 itself. Below this a more bearish view begins to take hold, and suggests a reversal of the gains made since the end of September. Source: ProRealTime USD/JPY drops back from 50-day SMA The week began with fresh gains for USD/JPY after Friday’s recovery, pushing back to the 50-day SMA for the first time since November. The steady move lower since November has not seen much in the way of a rebound, so now sellers will wait to see how far this bounce goes. Moves higher in December stalled around ¥134.40, so if this can be cleared then the 200-day SMA comes into view. A reversal back below ¥131.00 could suggest that a lower high has been created, and that a move towards the January lows around ¥127.70 is now in progress. Source: ProRealTime
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