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Chinese GDP worries forex markets

The fundamental news overnight was all about China, as equity markets stumbled yesterday in Europe and the US ahead of the data, with the FTSE 100 in London ending the trading session with a bearish engulfing candle signalling a potential move lower today. The data...

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Bullish momentum for Cable continues

Last week’s bullish momentum for the UK pound has spilled over into the London trading session this morning, and despite the US markets being closed in observance of Martin Luther King Jr Day, the pair have broken through the psychological 1.5900 level to trade at...

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Forex market news this morning

A quiet start to the forex trading week with the US markets closed today in observance of Martin Luther King day, and therefore we can expect thin market trading conditions with low volumes, and volatile moves as a result. With very little real news to...

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