We commonly take a contrarian watch to group sentiment, and The actual fact traders are Internet-extended suggests EURUSD price ranges may perhaps carry on to fall.
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Positioning is fewer net-long than yesterday but far more Internet-very long from final week. The mixture of current sentiment and up to date adjustments presents us a further mixed GBPUSD buying and selling bias.
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GBP/USD touches a higher of 1.2905 around the working day ForexLive There is not any individual headline that I can attribute this to but Yet again, I'm somewhat skeptical during the rally nowadays as This is often coming forward in the wages facts to generally be released at 0930 GMT.
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We typically take a contrarian see to group sentiment, and The actual fact traders are Internet-long indicates Spot Gold selling prices may continue on to slide.
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