Profit Locked on Euro and Sterling; NZD Looks Weak Ahead of RBNZ; Oil on a 7‐year Low

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The last three days the world’s most commonly traded commodity, oil, dropped more than 12% to its lowest level over the last 7 years. The dollar was mixed against the majors amid a quiet day without any significant market news while the euro maintained the gains posted after the ECB policy meeting. The sterling was broadly lower on mixed data ahead of the BoE policy meeting on Thursday. It's suffered losses against the Swiss franc and surged versus the Norwegian krone. Gold halted a six‐week

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