Forex - Equities Pause & USD Gains |
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Forex News and Events: Trend of risk appetite remains intact, although we are seeing a slight pullback today. Yesterday, the S&P closed above 1000 for the first time since the financial crisis began. As expected, the US GDP on Friday and corporate earnings releases (UK banks) had investors rushing into risk correlated assets. US ISM surprised to the upside yesterday, which sent the USD and JPY lower, as good news for the US is still bad news for the USD. The EURUSD posted new 2009 highs
Filed under: Technical
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