Currency Positioning and Technical Outlook: Corrective Pressures - TopicsExpress



          

Currency Positioning and Technical Outlook: Corrective Pressures Dominate The main tension in the foreign exchange market is between positions adjusting pressures, which are US dollar negative, and widely held ideas that the trajectory of growth and interest rate differentials favor the US, which is dollar positive. There are some important economic data due out in the coming days, including Japan and euro area Q2 GDP, UK inflation and labor market update, US retail sales, inflation, and industrial output and the first regional surveys for August. However, the data are unlikely to change the base line scenario and, with summer holidays in the US and Europe, corrective forces are likely to continue to dominate the foreign exchange market. ... Read more : forex-tsd/financial-news-analytics/26338-forex-news-456.html#post626152
Posted on: Sat, 10 Aug 2013 14:31:10 +0000

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