GBP underperformed FX markets after the BoE took a more pessimistic view on UK inflation...

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Overview Heading into the opening stages of European trade, commodity linked currencies underperformed amid weakness seen in crude prices coupled with the declines in the metals complex after Shanghai metals trade opened, where silver snapped 4 consecutive days of gains. This saw AUD/USD break back below the 0.7200 level and NZD/USD test the 0.6600 handle to the downside. After going through the European cash equity open, USD saw some notable selling pressure in a move which was primarily led

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