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Sterling still driven by global factors

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 13, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Risk-off sentiment causing modest USD correction On Thursday, global markets gradually turned into risk off modus. A new downleg in commodities weighed on global equities. Initially there was no clear directional reaction of the dollar. The US currency opened slightly in the defensive in Asia. Euro weakness resurfaced as ECB’s Draghi kept a soft stance in a hearing before the European parliament. Later in the session, further equity losses took some shine off the dollar. EUR/USD closed the

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