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All posts by Omkar Godbole

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PBOC set the Yuan reference rate at 6.3867

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China’s Premiere Li: Will continue to buy Euro debt

China’s Premier Li said on Thursday the world’s second-largest economy will continue to buy Euro nation debts.  Key quotes (Source: Reuters) China is a responsible investor in the Euro.  Hopes for a stronger Euro. Will continue to buy Euro debt.  Yuan internalization is a long-term process.  View

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GBP/USD: Fed-BOE divergence hurts, eyes UK retail sales

Corrective rallies remain elusive as monetary policy divergence favors the USD.  Dismal UK retail sales print could push Sterling lower. The GBP/USD has been oversold for three weeks now, according to the 14-day relative strength index (RSI), still the corrective rally remains elusive. The situation

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NZD/USD Technical Analysis: Short-term MAs turn bullish

5, 10-day moving average (MA) bullish crossover confirmed, the NZD/USD daily chart shows. The MA crossover indicates a short-term bullish trend reversal in NZD/USD. NZD/USD Daily chart Spot rate: 0.6928 Daily Change: +0.14 percent Daily high: 0.6937 Daily low: 0.6906 Trend: Bullish Resistance 0.6974 (May