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Gold and FX

CROSS ASSET
  • Gold sees small selling interest, despite a weaker USD.
  • Some desk will look at yesterday's low at $1883.82 as initial support.
  • USD is better offered against G10s and EMs, while mixed in Asia.
  • Although the currency might stay underpinned with better early selling on the Equity cash open.
  • Stoxx600, sees Food/beverages, financial services, real estate as the early losers.
  • Estoxx futures (VGM1) is still well within yesterday's range.
  • Further downside pullback in the contract will eye yesterday's low at 4091

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