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Signs of exhaustion apparent in USD/NOK

Outlined from an hourly perspective, the [pair] is being carried into new low ground but reflecting an extremely low volatility.

Usually associated with the formation of narrow consolidation ranges, there is a chance for volatility to expand again and for price to break out and start a new upward trajectory. Conversely, an extra selloff is also likely should the immediate range support fail.

Traders are advised to maintain a degree of neutrality until a strong break in either direction ensues.

EUR/USD consolidates around hourly 50-SMA, German IP eyed

Having failed another attempt to regain 1.09 barrier, the EUR/USD pair drifted slightly lower and extends its consolidative mode around the hourly 50-SMA placed at 1.0884.
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US NFP: Central banks must be vision-oriented – Deutsche Bank

Alan Ruskin, Macro strategist at Deutsche Bank, suggests that now that the Fed has successfully walked market expectations up above 50% for a December rate hike, the Fed is not going to want to walk expectations down again, after the payrolls data.
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