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"Another round of soft U.S. data, and arguably poor liquidity in late New York, led to broad USD losses."
- CitiFX (based on CNBC)
Pair's Outlook
The Sterling touched the 1.47 level on Wednesday, but bounced right back. By the end of the day the GPB/USD pair was already at 1.4827. On Thursday we expect a decline, unless the US fundamentals disappoint and weigh on the Greenback like yesterday. The losses should be limited by the weekly PP, while the technical studies remain mixed on the daily time-frame.
Traders' Sentiment
Market sentiment among SWFX traders worsened, as the portion of long positions fell by one percentage point, and at the moment they account for 41%. At the same time, the buy orders take up the major part of the market, namely 63% of it (previously 46%).
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