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USD regains poise, generating bullish.........>

FOREX
FOREX: USD regains poise, generating bullish signals
- The dollar started mixed at the NY crossover, but soon regained its poise to
generate bullish signals against most of the other majors.
- USDJPY reclaimed the Y111.00 handle, moved back into the ascending channel
with gains extending to Y111.23.
- As expected the ECB made no changes to its monetary policy stance. President
Draghi started on a more positive tone about inflation, but this was quickly
reversed after the ECB noted it will hold rates until summer 2019. Markets
interpreted the press conference mildly dovish. EURUSD dipped back under $1.1700
touching lows of $1.1649 on the stronger dollar theme.
- GBPUSD already holding heavy extended its corrective pullback to $1.3113 after
EU Barnier rejected the UK white paper proposals on customs.
- Antipodeans were the biggest G10 fallers today, AUDUSD (-0.97%) moved back
under $0.7400 to $0.7376 with added weight via the crosses. EURAUD flirts with
the 100-dma (A$1.5783), AUDJPY comfortably holds below the 100-dma. NZDUSD
(-0.69%) touched lows of $0.6787.

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