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Forex Flash: Bund weakness on the horizon – RBS

FXstreet.com (Barcelona) - According to Technical Strategist Dmytro Bondar at RBS, “I was over-optimistic about the market, which failed to recover above the 20-day MA and broke below the 146.00 support, suggesting there would be more weakness in the short term.”

“Thus a pick-up in price to 145.80 is likely to be sold to 145.11 onto 144.70. A sustained recovery above 146.00 brings back some bullishness.” Bondar adds.

Forex Flash: EUR/USD unable to hold 1.3100 level - OCBC Bank

Emmanuel Ng of OCBC Bank notes that EUR/USD enjoyed a brief spell above 1.3100 before retracing to end relatively unchanged on the day.
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Forex Flash: Exaggerated risks of South Korean deflation - Nomura

Nomura economist Young Sun Kwon notes that with CPI inflation falling to 1.2% y-o-y in April (below the BOK's target), there are increasing concerns about the possibility of deflation. However, he doubts that the BOK will concur.
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