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Beware Seasonal Reversals in FX Markets

posted by Miss60 47 days ago in Technical, Daily made popular 47 days ago

Although currencies ended up adopting their usual path of following the swings in risk appetite, it's worth explaining Wednesday's earlier spikes in EUR/USD and GBP/USD. The moves were a result of broad dollar selling (also seen in a $25 rally jump in gold) on reports that Iran was pushing ahead with its nuclear program.
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