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GBP/JPY Daily Outlook
Daily Pivots: (S1) 140.31; (P) 140.87; (R1) 141.63;
GBP/JPY weakens mildly today but stays in consolidation from 142.71. Intraday bias remains neutral first. With 138.24 support intact, further rise is still expected. On the upside, break of 142.71 will target 138.2% projection of 123.94 to 135.74 f
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US considering a ban on cotton imports from China’s Xinjiang province
The New York (NY) Times carries fresh headlines on Tuesday, citing that the US is considering banning some or all products made with cotton from China’s Xinjiang province.
The report said the ban could be announced as early as Tuesday, in response to the use of forced labor on minority Muslims (Uigh
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Australia's Business Confidence Improves; Conditions Weaken
Australia's business confidence improved in August, while business conditions weakened from the previous month, survey data from the National Australia Bank showed Tuesday.
The business confidence index rose to -8 from -14 in July. Although confidence rose in the month, it remained very weak and lik
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