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Flash: The USD is trading in a mixed fashion – TD Securities

FXstreet.com (London) - Research teams at TD Securities said that the USD is trading in mixed fashion overall today but they are still of the opinion that the general direction in the big dollar should be higher while focus remains on the potential for the Fed to adjust asset purchases in the months ahead.

Overall, they remain USD-constructive and they rather think that current levels offer an attractive entry point for EUR/USD shorts. Talk of real money and sovereign selling has helped cap the EUR rebound just below the 1.30 area; near yesterday’s highs; through the overnight session. They say this is an important short-to-medium term resistance zone for EUR/USD as 1.2963 marks the base of a double top break-down trigger from the 1.32 area. They suggest that this points to a drop in EUR/USD back to the low 1.27 area in the next few weeks; a move that will compromise a key zone of medium/longer-term support if it pans out.

Commodities Brief – Gold capped by 1400, silver maintains tight consolidation between 22.00-23.00

The price of gold is slightly lower during US trading as the yellow metal continues to trade below the key resistance/upside barrier at 1400. This crucial point has eluded any rise and capped any manner of upside intraweek, despite briefly rising above it mid-week. In these moments, the price has continued holding near USD $1389.10 per oz.
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Flash: GBP/USD technicals looks bullish - Nomura

Nomura Strategist Saeed Amen has taken a look at GBP/USD from a purely technical perspective and expects spot to be bullish for the week ahead.
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