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FX Weekly Preview: USD Turnaround Hard Fought; Still A Correction Despite Stronger Data

FX Weekly Preview:  USD Turnaround Hard Fought; Still A Correction Despite Stronger Data

Submitted by Shant Movsesian and Rajan Dhall MSTA fxdailyterminal.com

In recent weeks, we have continued to look to further gains in the USD, initially led by a belief that the bearish scenario had been exhausted, but later on improving data.  Time frame is a key factor in our metrics for where we see currencies finding value, and given that we have seen some strong gains against the CAD and JPY in recent weeks, we may be close to congestion levels, which these days tend to develop into significant tops.  

Trump Wanted Japan's "Samurai Warriors" To Shoot Down North Korean Missiles: Report

Trump Wanted Japan's "Samurai Warriors" To Shoot Down North Korean Missiles: Report

Ahead of Trump's visit to Asia, there were understandable concerns that a diplomatic snafu was imminent. Those concerns were partially justified following a report from Japan Times, according to which Trump said Japan should have shot down the North Korean missiles that flew over the country before landing in the Pacific Ocean earlier this year.

Former UK Treasury Secretary and Prime Minister Says US Deceived UK Into Supporting US Invasion of Iraq

Former UK Treasury Secretary and Prime Minister Says US Deceived UK Into Supporting US Invasion of Iraq

Gordon Brown says the US defence department knew that Saddam Hussein did not have weapons of mass destruction but kept Britain in the dark and that there was no justification for the invasion and war.

https://www.msn.com/en-us/news/world/gordon-brown-says-pentagon-misled-uk-over-case-for-iraq-invasion/ar-AAusrOs?OCID=ansmsnnews11

Paradise Papers: Massive New Leak Exposes Tax-Haven Secrets, Links Wilbur Ross To Russia

Paradise Papers: Massive New Leak Exposes Tax-Haven Secrets, Links Wilbur Ross To Russia

Update: A Commerce spokesman told Fox News that Ross was not involved with Navigator’s decision to engage in business with Sibur, a publicly traded company, which was not under sanction at the time and is not currently. The spokesman also said Ross, the Trump administration’s point man on trade and manufacturing policy, “never met” Shamalov, and generally has supported the Trump administration’s sanctions against Russia, while recusing himself from matters focused on transoceanic shipping vessels.

Is The U.S. Navy Being Truthful With Its Report On Recent Crash Incidents?

Is The U.S. Navy Being Truthful With Its Report On Recent Crash Incidents?

Authored by Duance Norman via Free Market Shooter blog,

Recently, Free Market Shooter (as well as the US Navy) questioned the cause of a string of crashes involving Navy destroyers and cruisers... all occurring this year:

Recently, the US military, unable to come up with a cause for the incidents, began investigating something else – “compromised computer systems”:

 

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