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Forex Flash: Gilts face correction on horizon – RBS

FXstreet.com (Barcelona) - According to Dmytro Bondar, a Technical Strategist at RBS, “Gilts met the initial target of 119.93 but fell short of 120.52 and formed a major reversal candlestick pattern (higher high, lower low, lower close) known as an outside session. It changes the view and suggests that should the 20-day MA and 119.27 level be broken, there would be strong chances of turning bearish with targets of 119.00 and 118.61. A sustained price above 120.00 makes it constructive again.”

Forex: USD/JPY edges higher after US jobless claims

The dollar edged only slightly higher versus the yen after data showed US initial jobless claims fell by 16,000 to a near 5-year low of 339,000 in the latest week, bearing expectations of 351,000.
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Commodities Brief – Precious metals surge, crude makes failed break at 92.00

The yellow metal has rallied substantially higher Thursday, surging past the 1445 upside mark en route to a daily maximum of 1455 at the onset of US trading. Following the release of upbeat US jobs data however, the price of gold has eased slightly back to USD $1452.43 per oz. in these moments.
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