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  • Squawk / 1 hour ago
    individual Trader
    EURUSD and GBPUSD could rally on Dollar correction should Support levels hold
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  • Article / 6 hours ago

    FX Board: USD bulls buffeted by data

    Head of FX Strategy / Saxo Bank
    FX Board: USD bulls buffeted by data
    The bullish case for the USD suffered a brief, if intense, meltdown on a weak US data release on Friday, underlining the risks from US data releases all week. Meanwhile, GBP coils within ranges ahead of a Bank of England bonanza on Thursday.
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  • Squawk / 7 hours ago
    Head of Macro Strategy / Saxo Bank
    ISM manufacturing retraces from 5-month high:

    Manufacturing continued to expand in the US last month, but it did so at a slightly slower pace than in May and June with the headline index at 52.7 vs. 53.5 a month earlier (and 52.8 in May). Consensus had expected an unchanged reading of 53.5.

    The July ISM manufacturing report is a mixed bag with new orders among the highlights. The forward-looking component rose to 56.5 from 56, a six-month high, and the production index also gained to 56 from 54. Employment, on the other hand, dropped to 52.7 from 55.5.

    The employment component is interesting considering that the US employment report will be released on Friday. Consensus currently looks for an increase of 225,000 in July following a gain of 223,000 in June.
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