Currency traders are certainly having their patience tested as most major pairs continue to bounce around in relatively well-worn ranges. The outlook for a break of recent ranges is pretty weak at the moment, given the ongoing data battle between high inflation readings and slowing growth indicators. And those data jousts are taking place in virtually every G-10 economy as the rise in inflation pressures and the slowdown in economic growth are global phenomena. I think traders should continue to approach the market from a range-trading perspective, and only go with a break-out if there is significant 'new' news out.  Full text »

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