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Bounce fades as oil falls

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Bounce fades as oil falls By Brenda Kelly Last week’s improved risk sentiment from last week was maintained in Asian trade as oil prices bounced and expectations that more central bank action could well follow that of the ECB. Speculators cut US dollar net long positions to lowest since late October while Japanese yen net long positions have reached the highest since Feb’12, suggesting that any dovish hint from the BoJ this week could trigger a rapid sell-off in yen. In his latest comments,

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