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EUR/JPY shooting star, hanging man and engulfing patterns pop up at 61.8% fib. retracement in consolidation phase – trade tunnel spreads

EUR/JPY shooting star, hanging man and engulfing patterns pop up at 61.8% fib. retracement in consolidation phase – trade tunnel spreads Chart and candlestick pattern formed- Bearish RSI divergence, shooting stars at 130.417 on daily terms and 132.336 levels on monthly terms. Hanging man patterns at 135.157 and 135.523 levels …

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Options strategies amid mounting hedging sentiments for bearish risks in EUR/JPY

Options strategies amid mounting hedging sentiments for bearish risks in EUR/JPY Driving forces that lead to bearish EURJPY: 1) Eventual repatriation by US corporates-EUR accounts for a third of foreign profits. 2) Expectations for more hawkish than the expected stance of the BoJ if inflation expectations heighten. 3) EUR appreciation …

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Australian bonds edge lower following recovery in risk sentiments; trade tensions could favour prices

Australian bonds edge lower following recovery in risk sentiments; trade tensions could favour prices Australian government bond yields edged lower on Monday as investors moved their funds to high yielding alternative assets like equities. The yield on Australia’s benchmark 10-year note, which moves inversely to its price, rose 1 basis point to 2.667 …

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Draghi’s Success Is Double-Edged as Labor Boom Adds to Slack

(Bloomberg) — Mario Draghi’s success in reviving the euro-area economy could, ironically, delay the European Central Bank’s exit from extraordinary stimulus. The currency bloc’s broadest economic expansion in its history is drawing workers back to the job market and spurring companies to invest to replace aging equipment. Governments — with …

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