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Forex Flash: Crude oil poised for correction via MACD and Tweezer top – RBS

FXstreet.com (Barcelona) - Crude oil failed to break the 97.1 support, trading in a range of 93.5 – 97.1, formed by Fibonacci retracements from the August-September 2012 impulse wave. According to Technical Strategist Dmytro Bondar at RBS, “A negative crossover in the overbought 12/26/9 MACD oscillator coupled with an inside session and Tweezer top candlestick patterns formed yesterday suggest it is good to take profits on long positions, as the 98.00 region would probably not be reached.

In addition, “it is also it is worth noting that the price might be forming a head and shoulders pattern, with a target of 90/90.5.” Bondar suggests.

Forex Flash: Credit markets notch solid week despite Friday jitters – Deutsche Bank

There were a few jitters in credit markets on Friday after news that the Manchester-based mutual Co-Operative Bank was downgraded six notches by Moody’s to Ba3 from A3. Moody's flagged a potential capital shortfall arising from further substantial losses on the bank's real-estate exposures.
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Forex Flash: EUR/USD faces neutral outlook in near-term – UBS

UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's EUR crosses and note that there is a generally neutral-trending bias ahead.
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