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Forex Flash: EUR/USD remains constructive - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that he is remaining constructive EUR/USD in the interim.

He feels that any ability to stay afloat above 1.3100 in the near term may see an eventual test of the 55D MAat 1.3147 and then the 1.3340 multi session high. Moving to GBP/USD, he notes that in the absence of a strong domestic macroeconomic pillar, the likes of GBP may remain vulnerable to episodes of USD strength. He writes, “In the near term, the pair may continue to orbit the 55-day MA (1.5314) pending further cues. While any weakness may pave the way to 1.5270, note however that any ability to remain above 1.5300 may see a drift towards 1.5360 and then 1.5470.”

Forex Flash: Do Japanese bond flows really tell us anything? - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale has taken a look at Japanese bond flows and ponders the question, “Do they really tell us anything?”
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Commodities Brief – Gold prices fall to 2010 lows, crude races to 91.00

In the aftermath of several notable events last week, nothing has been roiled more than precious metal and commodity prices. Indeed this trend continued today, with fresh concerns over Cyprus and soft Chinese GDP data, driving the metal to the back below the 1450 mark during European trading. The heavy selloff over the previous two sessions in particular have overwhelmingly lowered the yellow metals price, which not to long ago seemed to be testing the 1600 level. At the time of writing, gold prices are now trading at just USD $1443.11 per oz. Monday.
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