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US leading indicators rose to their highest level since May 2015 in October, and Eurozone and Chinese data are looking strong as well. While some investors may be worried about asset (and particularly equity) prices, Saxo Bank's Peter Garnry says the global macro landscape looks solid.
Squawk / 13 November 2017 at 9:49 GMT
Founder, Owner, Director / Market Chartist
United Kingdom
AUDUSD and NZDUSD stay bearish (despite US$ strength fading)

A slightly weaker US Dollar into mid-November against many G10 currencies, primarily due to concerns regarding the path of tax reform legislation.
However, AUDUSD has been consolidating sideways in November and retains the negative tone, that has been evident from September and that we highlighted here in October.
The NZDUSD FX rate, has corrected higher in early November, but we look for bearish pressures t start to resume into mid-November.

See all the analysis with video too here:$-strength-fading).html


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