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-The effects of Powell's appearance at the....>

FOREX
FOREX: -The effects of Powell's appearance at the Economic Club of NY on
Wednesday remained the talking point throughout the Thursday session, with
markets largely holding their post-Powell moves throughout both the European and
US session. Markets also eyed further comments from President Trump, who heads
to Buenos Aires for the G20 meeting. The President commented that he's close to
doing "something" with China on trade, but he doesn't know if he "wants to do
it". Optimism of a near-term resolution between the two nations was also quelled
by the attendance of staunch China critic Peter Navarro, who heads to Argentina
also. This kept USD/JPY lower, but is yet to test 50-dma support at Y113.06.
-NOK traded well throughout the day, outstripping early gains seen in AUD and
NZD as Reuters sources reported that Russian oil firms and the energy ministry
see the need for oil output cuts in line with OPEC. This underpinned the near 3%
rally in WTI Thursday.
-US Chicago PMI crosses Friday as well as French, Italian CPI and Canadian GDP.
ECB's Mersch and Coeure and Fed's Williams are due to speak.

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