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Despite the release of very weak........>

EURO-DOLLAR
EURO-DOLLAR: Despite the release of very weak German Factory Orders, the weaker
USD theme saw EURUSD squeeze to 2-week highs of $1.1838 in early Europe. Profit
taking off the high initiated fresh short positions from various accounts to
$1.1815/20 where it currently holds ahead of NY. The EUR remains elevated,
however traders take a cautious approach after the formation of the death cross
(50-dma moving through the 200-dma).    

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