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Germany missed a technical recession as Q3....>

FOREX
FOREX: Germany missed a technical recession as Q3 GDP came in at +0.1%QQ vs
forecast -0.1%. EUR/USD had dropped to a slight extended low of $1.0994(61.8%
$1.0879-1.1179) pre data then edged back above $1.1000 as pressure was relieved.
- Sterling again proved election projections are providing main support/buoyancy
as release of disappointing UK Retail Sales failed to produce any major set
back, cable having edged to an extended high of $1.2867 pre release with
pullback finding support around $1.2850. EUR/GBP extended its recent slippage to
Gbp0.8550, holding back around Gbp0.8555 ahead of NY.
- Mild risk aversion continues: JPY, CHF and Gold all trading firmer.
- Earlier, AUD dropped after a double-whammy of bleak Aussie jobs report and
underwhelming Chinese activity indicators.
- Chinese data also inspired risk-off reaction against the existing backdrop of
uncertainty re: U.S.-China trade talks; White House's Navarro downplayed an
earlier WSJ report re: a deadlock over farm purchases.
- Into the NY session, US PPI, Weekly Claims at 1330GMT. Central bank speakers'
docket is densely packed: we will hear from 7 Fed members, incl Powell.

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