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Some upside continuation

EQUITIES
  • Some upside continuation in Equity futures, on the back of the positive cash open, might keep the lid on the USD.
  • Cash Stoxx600 is up 0.62%, with Basic resource, Auto/Parts in the lead, up 2.21% and 1.37% respectively.
  • Initial resistance in Stoxx600, moves down to 417.54, the very short term 38.2% retrace of the June fall, now trading at 416.61.
  • Estoxx future (VGU2), has broken above Friday's high, with next resistance seen at 3567.00.

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