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USD/CAD Technical Analysis: DXY bulls en route to the 1.3300 figure against CAD

USD/CAD daily chart USD/CAD is trading in a bull trend above the 200 SMA. USD/CAD is consolidating the recent losses above 1.3200 and the 100 SMA. Earlier this Friday, the US CPI (Consumer Producer Index) matched analysts expectations at 2.2% for December y/y. USD/CAD 4-hour chart USD/CAD is trading below its main SMAs. USD/CAD 30-minute chart USD/CAD bulls are gaining ground as they reclaimed the main SMAs. They are now most likely en route to the 1.3300 figure and 1.3360 level if they gather enough steam. Additional key levels USD/CAD Overview: Today Last Price: 1.327 Today Daily change: 33 pips Today Daily change %: 0.249% Today Daily Open: 1.3237 Trends: Previous Daily SMA20: 1.3509 Previous Daily SMA50: 1.3353 Previous Daily SMA100: 1.3185 Previous Daily SMA200: 1.3084 Levels: Previous Daily High: 1.326 Previous Daily Low: 1.3202 Previous Weekly High: 1.3666 Previous Weekly Low: 1.338 Previous Monthly High: 1.4134 Previous Monthly Low: 1.316 Previous Daily Fibonacci ..
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United Kingdom NIESR GDP Estimate (3M) unchanged at 0.3% in December

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USD/TRY tests 5.50 on reports of Turkey sending military units to Syrian border

According to Turkey's state-owned news agency, Anadolu, Turkey sent a convoy of armoured military vehicles and ground troops to the northern Syrian province of Idlib to reinforce the Turkish military presence in the area. With the initial market reaction to this development, the USD/TRY added more than 700 pips and tested the 5.50 handle before retreating slightly. As of writing, the pair was up 1.3% on the day at 5.4823.
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USD/JPY Technical Analysis: Bulls testing 108.50 resistance as DXY surges across the board

USD/JPY daily chart USD/JPY is in a deep pullback below the 50, 100 and 200-period simple moving averages (SMAs). USD/JPY is trading more than 300-pips up following the flash crash last week. Earlier this Friday, the US CPI (Consumer Producer Index) matched analysts forecasts at 2.2% for December y/y. USD/JPY 4-hour chart USD/JPY bulls are challenging the 50 SMA as the Greenback is having a boost across the board. USD/JPY 30-minute chart Bulls are gaining ground as they reclaimed the 50 and 100 SMA and are now challenging the 108.50 resistance. A break of the level would open the doors to further gains and a potential run to 109.00 resistance. Additional key levels USD/JPY Overview: Today Last Price: 108.43 Today Daily change: -5.0 pips Today Daily change %: -0.0461% Today Daily Open: 108.48 Trends: Previous Daily SMA20: 110.27 Previous Daily SMA50: 112.09 Previous Daily SMA100: 112.2 Previous Daily SMA200: 111.13 Levels: Previous Daily High: 108.5 Previous Daily Low: 1..
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USD/JPY jumps to 108.60, retreats slightly as Wall Street suffers losses

Sudden USD demand in the early NA session lifts the pair. Wall Street opens in red to cap the pair's gains. US 10-year T-bond yield drops more than 1.5%. The USD/JPY pair gained traction and added more than 50 pips in the early NA session to touch a fresh daily high at 108.60. With risk-aversion taking control of the price action, the pair eased from its highs and was last seen trading at 108.45, up 0.05% on the day. The US Dollar Index, which hasn't reacted to today's inflation data, met a strong buying wave and rose to a fresh two-day high of 95.76. Although there were no clear catalysts behind the USD's upsurge, reports of Turkish troops moving into the Syrian border seems to have triggered a flight-to-safety and boosted the demand for the greenback. At the moment, the DXY is up 0.1% on the day at 95.65. Earlier today, the data published by the U.S. Bureau of Labor Statistics showed that the annual core CPI in December stayed unchanged at 2.2% to match analys..
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US Dollar Index clinches 2-day tops around 95.70

The index quickly moves higher to the 95.70 area. Yields of the US 10-year note drop to lows around 2.69%. US December Core CPI rose 0.2% MoM, in line with forecasts. Tracked by the US Dollar Index (DXY), the greenback has reverted the daily losses and is now navigating the upper end of the range near 95.70, or fresh session peaks. US Dollar Index now targets 96.00 With no apparent catalyst behind the sharp up move, the index has once again the critical 96.00 handle on his crosshairs, coincident with the key 100-day SMA. Earlier in the session, US inflation figures for the month of December matched prior surveys, as Core CPI rose 0.2% MoM and 2.2% on a yearly basis. Further data saw headline consumer prices dropping 0.1% inter-month and advancing at an annualized 1.9%, always in line with previous estimates. What to look for around USD The Fed’s probable re-pricing of the tightening pace in the next months continues to gather traction among investors as well as the performance ..
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