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FTSE trades higher, miners lead gains

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FTSE trades higher, miners lead gains. Ipek Ozkardeskaya Stocks traded higher in Asia as Australian and Swiss growth figures came in better than expected. Nikkei and Shanghai’s Composite rallied 4.11% and 4.26% respectively. The Aussie surged to 0.7244 against the US dollar. This was just a stone’s throw below the 200-day moving average (0.7256) never breached since September 2014. Carry traders are seeking higher returns along with the improvement in risk appetite. Gold is down, while WTI is

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