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Europe attempts to reverse Asia-led...........>

FOREX
FOREX: Europe attempts to reverse Asia-led risk-off sentiment
-After a firmly risk-off start to the Asia-Pacific trading day saw USD/JPY fall
close to 50 pips (bottoming out at Y110.02), risk appetite has been gradually
building from the European open, seeing much of the overnight moves reversed.
This puts USD/JPY on course to turn flat on the day and back above Y110.50 ahead
of the NY crossover.
-Reports surrounding Chinese trade were the focus of the overnight session,
firstly with President Trump making positive noises over trade talks as well as
a Reuters report that cited senior officials as suggesting that the two
countries "have made progress in all areas of trade talks". This helped drag
USD/CNH back below the 6.7405 50-dma.
-Elsewhere, GBP remains particularly weak after Parliament's rejection of all
forms of Brexit (including no Brexit at all) at last night's voting. Focus turns
to parliament re-debating the process on Monday.
-German CPIs, Eurozone consumer confidence, weekly US jobless claims and GDP
revisions are due. Various members of the ECB and Fed are slated to speak.

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