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Most of the action is in FX

FOREX
  • Most of the action is in FX, besides the move higher in UK yields.
  • Consistent buying is going through the USD, following the US data beat last Friday, which will have investors betting on another 75bps hike in November.
  • But ALL EYES are on the US CPI on Thursday.
  • Cable test immediate support right here at 1.1025 Low Sep 30.

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