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Setback In China Trade, USD Longs To Start The Week

From globalprime.com.au

The Pound keeps charging higher to start the week as polls indicate the Conservatives lead ahead of the UK general election expands while UK PM Johnson confirms that all conservative candidates have vowed to support the deal to exit the EU. The Euro is also off to a solid start with demand flows consistent with the view that if history is any indication, the printing of a monthly outside bar in Oct represents a clear risk of a shift in bias on dips. One can find the rationale for this view in the charts section. The appeal towards funding currencies has returned, fueling the momentum of the EUR further, but also ... (full story)

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  • Category: Fundamental Analysis