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CHINA PBOC CONDUCTS CNY216.27 BILLION VIA 7-DAY REVERSE REPOS TUES

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MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

Australia Jun Total Dwelling Approved -6.5%

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MNI: AUSTRALIA JUN DWELLING APPROVALS -6.5% M/M

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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Decent range, but fails to......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Decent range, but fails to break:
*RES 3: 0.9184/9207 High Aug 22 / Low Aug 8
*RES 2: 0.9169 1.0% 10-dma envelope
*RES 1: 0.9149 Intraday High
*PRICE: 0.9075 @ 16:01 GMT Sep 3
*SUP 1: 0.9016 Low Aug 27
*SUP 2: 0.9006/00 38.2% retrace of May 6 - Aug 12 rally / Round number support
*SUP 3: 0.8946 Low Jul 26
EURGBP is still trading in the area marked by key trendline support drawn off
the May 6 low and the 50-dma. The current consolidation is either, a bear flag
that suggests prices will likely move below t 0.9016 to confirm a resumption of
the bear trend since Aug 12. This would open 0.9000 and the late July lows of
0.8946 / 0.8892. Alternatively, the consolidation is base building, a break of
0.9123 would provide some relief from the existing bearish threat and open
0.9184.
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets

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