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Oil, Gold Rebound with Risky Assets but Trend Favors Downside

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Commodities – Energy Crude Selling Stalls as EU Backs Greek Deficit-Reduction Scheme Crude Oil (WTI)       $72.22       +$1.03       +1.45% Prices are re-testing resistance-turned-support at the top of a previously broken falling channel established
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US Dollar, Japanese Yen May Extend Gains as G7 Disappoints on Greece Bailout

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Key Overnight Developments • Japan’s Merchant Sentiment, Export Gains Fall on Deaf Ears • Euro, British Pound Decline as Safety Demand Boosts Dollar Critical Levels The Euro and the British Pound traded lower, slipping as much 0.3% and 0.4% respectively as
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Opening Comment 02.08

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Although the G7 has come and gone with no official statement on currencies, the USD maintains its strong bid into the new week, and tracks higher against all major currencies. In Japan, the current account surplus widened for a fifth consecutive month, while loan growth shrank for the second
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Oil, Gold Continue Taking Cues from Stock Performance

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Commodities – Energy Oil Prices Meet Resistance, Risk Trends Remain Top Catalyst Crude Oil (WTI)       $76.66       -$0.32       -0.42% Prices are stalling ahead of resistance at $77.54, with a turn lower seeing initial support at $75.42 while a push
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