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    NYLON HANDOVER: A 'week of weak' earnings weigh on stocks

     

    A snapshot view of yesterday's events and price moves from NY / London session






    - US and European stocks continued to slide in a 'week of weak' company earnings
    - Kiwi Dollar remained elevated following the rate cut 
    - Commodities continue to slide with RCB Index and Dow Jones Commodity Indices near multi-year lows
    - EURUSD closed to a 5-day high and now seeking bearish setups within any sell zones
    - Strong retail sales for Canada helped stall the USDCAD advance around 1.30, producing a Hanging Man reversal near the highs
    - Disappointing UK retail sales saw GBPUSD produced a Bearish Engulfing candle, invalidating yesterday's analysis


     


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