[GMT 11:33 GMT Aug 18th] Another sell-off has been seen ahead of the latest US data due at 12:30 GMT and 14:00 GMT. Weekly US jobless claims are due at 12:30 GMT with the market currently looking for a small increase from the previous 308K. US Leading Indicators are then due at 14:00 GMT with a small rise also expected here. However, this would be a USD positive as a release close to the +0.2% consensus would build on the previous +0.9% figure. The latest EUR weakness has been seen despite the Eurozone data and the central bank buying in [EUR/USD] at 1.2250/60. Spot is now stalling around 1.2220/25 as the move lower is consolidated. Decent sized sell-stops triggered on the eventual break below 1.2250 combined with the latest bout of selling from speculative, leveraged and hedge funds as well as US names in reasonable size has been responsible for the move. Looking ahead the market is beginning to have an over-short feel to it so dealers are becoming wary of a cover-covering relief rally. Bears are now eyeing a run to 1.2205 with a break below 1.2200, more stops rumoured below, suggested to target 1.2150 in the medium-term. --Matthew.Foster-Smith@Thomson.com /PS
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Charts aus Tradesignal Enterprise (weiß) +2 Pips ggü. Sell-Kurs der FXCM-Charts (schwarz), letztere haben 6h Zeitverschiebung, MetaTrader-Charts +/-0 (schwarz).
Charts aus Tradesignal Enterprise (weiß) +2 Pips ggü. Sell-Kurs der FXCM-Charts (schwarz), letztere haben 6h Zeitverschiebung, MetaTrader-Charts +/-0 (schwarz).