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Forex Flash: Hack attack good test of the positioning of the markets - Societe Generale

FXstreet.com (Barcelona) - After the hack attack on the AP’s Twitter Account, Sebastien Galy, currency analyst at Societe Generale, thinks "it will prove a good test of the positioning of the markets."

"You now have the sensitivity of the markets to a large negative (fictitious) shock, from which to deduce the positioning of the market (USD was bid, SPX gapped 1% lower and VIX higher…)" he said.

Wall Street advances for third day after 'bogus' hypo

US stocks market closed sharply higher on Tuesday as investors were trading with confidence on the back of strong corporate earnings. All three major US indexes add more than 1% but market was afraid of a AP fake tweet on bombs in the White House.
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Session Recap: Euro trades below 1.3000 again; USD advances

The Euro traded lower on Tuesday weighed by a bath of disappointing PMI data across China, Europe and the United States. The EUR/USD is trading below the 1.3000 after an attempt of recovery that was capped at 1.3030.
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