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FEB 02, 2013 - Zero Hedge

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Currency Positioning and Technical Outlook: Stick to the Paths of Least Resistance

  The main drivers of the foreign exchange market have strengthened.  This means that the current trends, especially euro strength and yen, sterling and dollar bloc weakness are likely to persist.  The recent price action will likely reinforce the trader behavior of buying euros on pullbacks and selling into bounces of the other currencies.      We identify four such drivers:  First, the tightening of monetary conditions in the euro area, amid some evidence that the regional economy is recovering and the German locomotive itself finding better traction. ... Read More

Tags: Currency Positioning and Technical Outlook: Stick to the Paths of Least Resistance,  Interest Rates Latest News