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Forex Flash: 93.60 level looks to fortify recent drop in crude oil – RBS

FXstreet.com (Barcelona) - Crude Oil prices reached the 93.6 support, formed by a Fibonacci retracement from the August- September 2012 impulse wave. However, “A negative crossover in the overbought 10/3/3 slow stochastic and a turn in 12/26/9 MACD oscillator suggest correction is looming to the 90.5 support region. Also it is worth noting that the price might be forming a head and shoulders pattern, with a target of 90/90.5.” suggests Dmytro Bondar, a Technical Markets Strategist at RBS.

Forex Flash: The real economic news today comes from Europe - BBH

Brown Brothers Harriman analysts note that German, French and Italian GDP reports were weaker than the consensus.
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Forex Flash: Farewell to Mervyn - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that today´s BoE Inflation Report press conference saw 2013 GDP forecasts revised up (1.2% from 0.9%) and inflation down (2% in 2 yrs rather than 2.3%).
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