Soft China Data, Consumers, PBOC & Euro

by Ashraf Laidi

Aug 9, 2012 18:26

Euro loses a full cent as traders unable to extend gains above the key 55-day moving average (a technical level not broken with conviction since April). Chinas weak data seen as an excuse to take profit from last week risk-on positioning, but support is so far seen at $1.2190. Similarly, GBPUSD is widely seen .... Read more here

http://www.cityindex.co.uk/market-analysis/ashraf-laidi-blog.aspx

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