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Ian Coleman - First 4 Trading. Disclaimer The Saxo Bank Group entities each provide execution-only service and access to Tradingfloor. Stocks have headed lower today in much of Asia, thanks to falls for commodities. Copper in particular has lost its shine, with heavy falls overnight.
Indices have retreated in Tokyo, Seoul and Sydney. However Hong Kong's Hang Seng has defied the gloom and edged higher. EU Retail trade previous. Med PMI, Services Minor net losses have been posted for EURGBP, but the downside rejection takes intraday technical signals into positive territory. Some of the moves this week have been misleading and treacherous — especially yesterday's euro rally, which may have been due to end-of-month pressures and strange moves in European rates markets.
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