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Global Slump Ending Speculations Weaken Yen
The yen continued the bearish trend which started last week when positive economic news pushed the equities market up, decreasing demand for the low-yielding Japanese currency.
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Once Again German Retail Sales Comes Up Empty
German Retail Sales once again disappointed to the downside shrinking by -1.0% versus expectations only a -0.1% decline as consumer demand in Eurozone’s largest economy remains moribund.
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UR/CHF To Resume Downtrend At 1.5169?
The EUR/CHF has been slowing trending down for just over a month. During this drop, the pair has traded in a relatively tight range and has met resistance several times at the bearish trend line seen on the 8hr Chart.


