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Forex Flash: S&P 500 looks bullish ahead - Nomura

FXstreet.com (Barcelona) - Nomura Strategist Saeed Amen has taken a look at the S&P 500 from a purely technical perspective.

Looking at a daily chart, Amen sees that spot is up on the week and he is retaining his bullish view. He notes that RSI remains elevated, indicating continuing bullish momentum, and has yet to turn lower. Further, bandwidth continues to expand, which suggests that the breakout is still ongoing. His target is 1575 where the upper Bollinger Band lies.

Forex Flash: Critics claim EU monetary policy caters to core – UBS

It’s important to take a look at how the EUR behaves in response to changes in inflation expectations, especially across different countries. This is often a source of contention as there is often a perception in southern Europe that monetary policy is set according to the needs of the core, while fiscal direction is now being set according to the needs of the periphery. This has been an especially painful process for the periphery at many points in the cycle and endlessly debated within political and policy circles.
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Forex Flash: AAA yields influence AUD/CAD cross – Westpac

The AUD/CAD has spent a modest 6.6% of its post-1983 trading days in the 1.05-1.1000 band. However, “it is still far too soon to expect a move to near the 0.9400 long-term average as Australia continues to benefit from the growth in its key East Asian trading partners, while Canadian exporters are constrained by the patchy US recovery (Westpac forecasts 1.6% growth in 2013).” writes Global FX Strategist Sean Callow at Westpac.
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