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Forex: USD/CAD trims losses back above 1.0100

FXstreet.com (London) - The Loonie has appreciated 120 pips since last Thursday with broad dollar strength in the Greenback and some poor outlooks for the Canadian economy.

The recent numbers have printed less jobs for their economy in Canada which helped the pair trim back some of its losses since the 1.0338 highs of this year with a low of 1.0012 this month. The support in the pair comes at pivot point and slightly above the psychological handle 1.0106 supporting Funds earlier on this session with a low of 1.0176. At the time of writing, the pair is sitting above he EMA20 1.0110 with a high of 1.0128 in London. Hourly technical readings are slightly bearish for the pair. SMA200 at 0.9990 would be next support.

Forex: EUR/USD pares losses to trade at 1.2962/64

The EUR/USD has recently pared its gains Monday, falling nearly 25-pips off the 1.2990 handle to test the crossover in negative territory. With the recent weakness afflicting the pair, it now trades at 1.2962/64 at the time of writing, incurring a tepid loss of -0.04% off its opening during European trading.
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Asian stock markets mixed on concerns over Chinese recovery

Asian equities were mixed overnight, as investors learned of several Chinese economic indicators, which mostly painted a soft picture. Indeed, this has exacerbated the idea that the global mammoth with fail to show heightened signs of recovery this quarter. Coupled with the uneven trading of precious metals Monday, the markets were highly volatile on the day.
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