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Global FX Insights

Next 24 hours: US Data Shrugged, Pound Retreats on Profit Taking

Today’s report: Stocks Under Pressure, Dollar Trying to Recover (TEST)

Deteriorating global sentiment and the drag on US equities has consumed the market into the end of Q1 2018 and the reaction is somewhat of a departure from the near decade, post 2008 crisis in which investors had been immune to negative risk, taking the market higher at every turn.   read report

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Wake-up call

Euro Up But No Confirmation Just Yet

Next 24 hours: US Data Shrugged, Pound Retreats on Profit Taking

Today’s report: Euro Up But No Confirmation Just Yet

On Monday, the Euro cleared major resistance at 1.0875 which has the ability of paving the way for a push towards 1.1400 in the days ahead. At the same time, the market will need to establish a daily close above 1.0875 to confirm the move, as inability to do so will suggest a false break and could invite renewed USD demand.   read report

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Wake-up call

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