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Forex Flash: Bunds remain neutral – RBS

FXstreet.com (Barcelona) - Bunds reached the first target of 146.43, but fell below the next target of 147.00 and formed a dark cloud cover candlestick patter, which changes the view to a neutral for now.

According to Dmytro Bondar, a Technical Strategist at RBS, “Oscillators are quite mixed, as a standard RSI shows a negative divergence with et price action, while slow stochastic remains neutral-to- positive. The 20-day moving average is still providing a major support, which Is unlikely to be taken out easily. Overall it changes the view to neutral”

Forex: EUR/USD dips to 1.2950/55 on weak IFO

The bloc currency dropped to the proximities of 1.2950 after the German IFO indicator disappointed investors in April. The series retreated in all of its components, adding to the downbeat sentiment...
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Forex Flash: The Federal Reserve meets in a week's time with QE exit talk on lips - BBH

Brown Brothers Harriman analysts note that the Fed meets in a weeks time and the minutes of recent meetings show that some members are still talking about a gradual exit from QE later this year.
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