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Intraday SMA cross seen on USD/RUB

A new leg up in USD/RUB bolstered its 100 hourly SMA to cross above the 200 period one.

While this intraday “Golden Cross” doesn't assure the recent correction is done and dusted, the low prices printed on hourly charts are at a converging distance to the SMA cross. This price level could be used as a technical hotspot by many USD/RUB traders. The risk scenario is set once a close beyond the 200 SMA is printed.

GBP/USD deflates to 1.5130 on UK data

The sterling is losing its shine during the European morning, now dragging GBP/USD to the 1.5140/30 area...
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UK unemployment falls to seven year low; wage growth rise slower than expected

The Office for National Statistics (ONS) today released figures which showed UK unemployment rate fell to a seven-year low of 5.3% in the three months to September. It was the lowest jobless rate since the second quarter of 2008. Economists polled by Reuters had expected the rate to hold steady at 5.4 per cent.
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