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Forex Flash: EUR/USD find support at EZ grits teeth - OCBC Bank

Emmanuel Ng of OCBC Bank notes that while the Eurozone economy is not expected to dramatically outperform any time soon, he feels that the lack of official discomfort towards its elevated levels may find the pair finding partial support.

Nevertheless, he feels that the pair may remain in danger of testing the 55-day MA (1.3272) if the 1.3300 support caves in the near term. He writes, “Note that on the positioning front, net speculative CFTC EUR longs were also pared in the latest week.”

Forex Flash: War without casualties please - Societe Generale

Reflecting on last week's G20 developments, Kit Juckes of Societe Generale notes that the G20´s leaders approve of policies to boost growth, while disapproving of policies to boost growth at the expenses of others. In summary he writes, “They'd like the kind of 'war' where no-one gets hurt. As the children say "whatever"!”
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Forex Flash: GBP Positioning Shifts to Net Short - Nomura

Looking at last weeks IMM data, Nomura Strategists note that net long positions in the Euro decreased substantially last week, after four straight weeks of buying, as comments from policymakers including Draghi brought attention to growth concerns stemming from EUR strength.
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