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Moderate gains in global equities improved....>

FOREX
FOREX: Moderate gains in global equities improved risk appetite with JPY & CHF
remaining at the bottom of G10 in early Europe. Despite this, public holiday's
in both the UK & US have so far dented volumes with major FX currency pairs held
to narrow range trade.
- The DXY extends its corrective pullback off last Thursday's two-year high
(98.37) to 97.54. Next support at 97.35/34 from the 50-dma & 76.4% retracement
of 97.02-98.37.
- Gold extended its uptick to $1287.48, before fading. Next resistance at
$1290.06/49 from the 55-dma & 61.8% fibo of $1303.41-1269.58. Above here opens a
run at the 100-dma at $1296.67.- 

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