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EUR/USD powerful rally threated

From an hourly perspective, the EUR/USD has reached its highest momentum reading of the last 20 days of trading.

Recent EUR/USD longs are speculative and likely vulnerable. Unless they are fed with comforting releases, a torrent of selling could very well ensue in the form of profit taking and/or forced liquidation.

With the fresh printed hourly MACD showing less acceleration, the prospect for a base building or correction in the near future looks to be quite realistic.

Poland Net Inflation came in at -0.4% below forecasts (-0.3%) in July

Poland Net Inflation came in at -0.4% below forecasts (-0.3%) in July
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Canada: Manufacturing sales expected to post a 1.0% m/m gain in June – RBC CM

Research Team at RBC Capital Markets, are forecasting a 1.0% m/m gain in Canada’s nominal manufacturing sales in June, following a sizeable 1.0% m/m d
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