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EUR: Going for the ride - BBH

Research Team at BBH, suggests that the euro is going for the ride and has reached the 50% retracement objective of the decline since May 3's brief push above $1.16 at $1.1265. 

Key Quotes

“The 61.8% retracement is found near $1.1350.  The German ZEW, the main eurozone data today, was mixed.  The assessment of current condition jumped to 57.6 from 49.8, well above expectations for 50.2.  However, the forward-looking expectations component showed considerably less improvement than expected.  The 0.5 reading is better than the -6.8 reported in July but poorer than the 2.0 expected.”

UK: Solid headline employment data disguise deterioration – RBS

Ross Walker, UK Economics Desk Strategist at RBS, suggests that the UK’s deteriorating post-referendum outlook means that the market’s data focus will
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WTI reclaims $46.00 ahead of US CPI

Crude oil prices area extending its weekly upside today, now lifting the West Texas Intermediate to the $46.00 neighbourhood per barrel. WTI in multi
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