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Flash: Brent looks bullish - Nomura

FXstreet.com (Barcelona) - Nomura strategist Saeed Amen has taken a look at Brent Crude from a technical perspective and believes that it looks bullish ahead.

Looking at a daily chart, he notes that spot is lower on the week and he is flipping to a bullish view. He sees that bandwidth is very low which suggests that spot is likely to range and we could see a retracement back higher. He writes, “There was also a hammer candlestick yesterday, which is indicative of a low. The RSI has also stalled indicating a short-term low has been reached. Our target is 103.26 (20D SMA).”

Flash: Japanese markets settle despite cataclysmic Thursday – Deutsche Bank

According to Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank, “Thursday's BoJ press briefing on the EMR suggested that gains in yields could be expected as the economy improved.”
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Flash: USD/CAD looks to resume bull trend – UBS

UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's commodity-based currencies and outline the technical positions.
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