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Forex - Psychology/Strategy for major markets today


 11:23 (GMT) 11 Jan

  [Forex Strategy]

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Psychology/Strategy for major markets today (0100-KMMW-C01)

EUR/USD - USD generally better bid ahead of the Trump press conference but no big threat yet to the major levels. 1.0340/1.0650 remain the wider parameters.
USD/JPY - Longs are happy enough to be patient as long as the equity markets don't take fright.
EUR/GBP, GBP/USD - GBP needs positive data to stand still at the moment and the UK calendar is bare for the rest of the week. 1.2080 the major level on Cable.
DJIA and S&P - Still pressing up against the ceiling on broader indices, with NASDAQ leading if on declining breadth.
T.Bond - Trade is compressing down further as indecision sets in. Technically bodes well for a breakout move in due course. Positioning wise, seems there are bets both sides of the fence. Upside on T.bond is favored while above 151-14.


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