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Free AccessA flat session for the USD overnight with....>
DOLLAR: A flat session for the USD overnight with Brexit headlines dominating
price action. The DXY settled in a very narrow 97.01-17 range with bulls taking
confidence in the hold above 97. Focus remains on the topside and the Nov 12
high of 97.69, above here opens a run towards the 98.00 level which holds the
61.8% retracement of 103.82-88.54. Gold has managed to consolidate above broken
channel base support, which comes in today at $1200.31. The yellow metal last
trades $1203.49 with bulls looking to recover the 100-dma at $1214.47 to change
the short-term outlook. Early reminder that tomorrow is the next SOMA redemption
day which normally sees USD demand.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.