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      EUR/JPY MACD indicates downside pressure

      The failure of MACD to test recent highs indicates that EUR/JPY could be facing downside pressure soon.

      Over the past two weeks, it has become evident that a bearish divergence between EUR/JPY spot and the MACD has developed, which typically implies weakness ahead. Additionally on a 4-hour chart, we can see that the MACD line pushed below its signal line, a further bearish forewarning.

      United States CB Leading Indicator (MoM) below forecasts (0.2%) in August: Actual (0.1%)

      United States CB Leading Indicator (MoM) below forecasts (0.2%) in August: Actual (0.1%)
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      WTI tumbles to $45.00

      Crude oil prices are being slapped in the face on Friday, slumping more than 3% towards the $45.00 per barrel...
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