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  • Squawk / Yesterday at 21:07 GMT
    United Kingdom
    Friday May 25 #FX technical sentiment:
    #EURAUD ▼
    #EURGBP ▼
    #USDCAD ▲
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  • Squawk / Yesterday at 20:58 GMT
    FX Trade Strategist /
    US Wrap: Trump Ramps Up Tensions

    NY Focus: FX traders jockeyed for position in a tumultuous trading session that finished with the FX majors mixed, and not too far from their opening levels. US April Housing Price Index and March Existing Home Sales missed forecasts. Lousy weather in March played a role. The day’s Fed speakers left the impression that there wasn’t any urgency to raising interest rates.

    President Trump issued a letter to Kim Jong-un cancelling the June 12 summit. He blamed yesterday’s North Korea statement for his actions. The North Korean’s took umbrage to Vice President Pence saying North Korea could end up like Muammar Gaddafi and Libya.

    Traders sold USDJPY which dropped from 109.70 to 108.96 before recovering to 109.25 at the end of the day. The drop and bounce were helped by a slide then recovery in 10-year Treasury yields which touched 2.955% before recovering to 2.983% at days end.
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  • Squawk / Yesterday at 20:58 GMT
    FX Trade Strategist /
    US Wrap: Part 2 The President took a swipe a trade and NAFTA. He threatened to slap tariffs of 25% on all cars being imported into the US, citing National Security. USDCAD rallied, rising from 1.2850 to 1.2918 before slipping to 1.2892 at the end of the session.

    The Trade threats and North Korea summit cancellation led to selling on Wall Street. The three major indices finished with small losses.

    The antipodean currencies continued to be supported by yesterday’s relatively dovish FOMC minutes and managed to squeeze out gains.

    GBPUSD and EURUSD were directionless inside narrow bands. Both currency pairs finished the session close to where they started.
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    John Shaw John  Shaw
    I absolutely can't stand the Democraps, but this Trump clown is something else.
  • Squawk / Yesterday at 20:57 GMT
    FX Trade Strategist /
    US Wrap: Part # Oil prices drifted lower on rising fears that Opec may end their production quotas as Venezuela issues and Iran sanctions could disrupt supply. WTI oil bounced between $71.555 and $71.40 and closed at the bottom of that range.

    Friday Focus: Fed Chair Powell’s and Bank of England Governor Mark Carney’s speeches combined with UK Q1 GDP data and US Durable Goods orders could lead to fireworks in GBPUSD. GBPUSD is suffering from different US/UK interest rate policies. UK data has been soft, and the technicals are bearish. The break below 1.3460 argues for further losses to 1.3050.

    Chart: GBPUSD 4 hour
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  • Squawk / Yesterday at 20:43 GMT
    United Kingdom
    W21 #FX daily update:
    #AUD 1.48 %▲
    #JPY 0.94 %▲
    #USD 0.90 %▼
    #CHF 0.89 %▲
    #CAD 0.49 %▼
    #NZD -0.63 %▲
    #GBP -1.97 %▲
    #EUR -2.11 %▲
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  • Calendar event / Yesterday at 14:00 GMT

    US Existing Home Sales

    Med Existing Sales, M/M%
    Med Existing Sales
    Med Median Price (USD)
    Med Unsold Homes Month's Supply
    Med Median Home Price, Y/Y%