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Forex Market News-April 8


Dollar sags as bond yields slip, Focus on Brexit
The dollar sagged on Monday as bond yields extended their decline after a jobs report regarding the U.S. showed wage growth lose momentum even as employment increased. The closely watched data released on Friday showed non-farm payrolls and it rose by a solid amount of 196,000 in the month or March, expectations are topping and giving riskier assets a much-needed lift.
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50+Pips recovered GBP/USD,as USD decline supersedes Brexit worries

The British Pound (GBP) is on bids around 1.3070 V/S the US dollar (USD) ahead of London open on Monday. The GBP/USD pair recovered more than 50-pips from the intra-day low near 1.3020 as investors have focused more on the USD pullback than the ongoing Brexit developments.

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GBP/JPY: Grappling with 200-hour MA in Asia, Brexit uncertainty lingers
GBP/JPY is currently reporting moderate losses at 145.48 having faced rejecting at the 200- hour MA line of 145.66 earlier today.
The United Kingdom Prime Minister Theresa May is reportedly facing intense cabinet pressure to avoid the prospect of a long Brexit delay on the belief that a last-minute cross-party talk is unlikely to produce anything concrete on departure plan.

                             Read more http://bit.ly/2VtfNJb



USD/JPY: Sellers dominate as geopolitical concerns, upbeat data weigh on trade optimism

USD/JPY pair struggles around 111.40 during early Monday. The pair dropped recently as upbeat data from Japan and Geopolitical tension at Libya pushed trades to shift their attention off the trade optimism that propelled prices to a 3 week high on Friday.  

                            Read More http://bit.ly/2UnI1Zj

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