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Filtrowane przez tagi:  Spending Data
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Cable jumps on weak U.S. spending data

Despite Brexit talk on the weekend, Cable opened near Friday levels and rose 50 pips in the morning. After a small pullback it surged another 120 pips in the afternoon, helped by weaker than expected U.S. spending data.
The pair stalled ahead of 50 DMA (currently ~1.4270), which is the level to watch in the day ahead. 1.42 shall now hold as a support if this rally still has some legs. Upside may be limited though.
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Aussie gains on low liquidity

After weaker than expected spending data from the U.S., the dollar sold off across the board. The moves were made on lower than usual liquidity but we won't need to wait too long to see if there will be any follow through.
0.75 level in Aussie held overnight and most of the day's gains were recorded in the European session. Rally after the aforementioned data was quickly sold into. The pair will need to break and hold above 0.7575 - 0.80 to make bulls happy.
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