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EUR/NOK stages powerful rally

Accordingly to the 1-hour MACD, the runaway EUR/NOK market has reached its highest intraday momentum of the last month of trading.

Caution is advised not to trade into a buying climax as a torrent of selling could very well ensue. This could take the form of short-term profit taking or long-term sellers joining the market. The just printed hourly MACD value shows less acceleration, an early sign of a possible plunge in EUR/NOK price action.

GBP/USD under pressure below 1.5000

GBP/USD has extended losses below the 1.50 mark and hit fresh 5-day lows ahead of the NY opening as the pound faces renewed weakness following mixed results from UK’s manufacturing and industrial production.
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Gold is the weakest safe haven today

Gold, a traditional safe haven asset, is the weakest today,. despite the china-led risk-off in the European equities and US equity index futures.
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