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EUR/GBP technical rally in the downtrend ready to give another chance to sell
The forex markets seem to be increasingly forming a consolidation in front of a significantly important meeting of the Federal Open Market Committee in the next couple of days. The outcome of this meeting is expected to remove “patient” from the statement which would being another big step towards a rate hike. However there was a small move away from the dollar yesterday as even more US data painted a slightly deteriorating picture for the US economy. The dollar strength has been of significant concern to equity investors on Wall Street in recent days and this slight decline on the dollar allowed for a near term ... (full story)
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- Mar 17, 2015 7:01am Mar 17, 2015 7:01am
- frx_trader
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- frx_trader
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