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DB FX Flow: G10 volume bounces back – DB

FXStreet (Barcelona) - Strategists at Deutsche Bank, comment on the DB FX flow data for the week ending 13th March, 2015.

Key Quotes

“G10 volumes bounced back strongly in the second week of March after a slow start to the month.”

“EUR/USD experienced a constant flow throughout the week. By contrast, yen volumes jumped last Tuesday morning after USD/JPY retraced from 122 and sterling volumes were particularly heavy last Friday after GBP/USD broke through 1.4750.”

“Nearly 15% of NZD volumes were dealt immediately after the RBNZ meeting.”

USD/JPY attempts a bounce to 121.50

USD/JPY remains subdued in the late-Asian session, glued above 121 barrier, as the USD bulls seems relaxed and awaited fresh impetus from the upcoming Fed decision to push the pair to new cycle highs.
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Hawkish Fed might lead Gold to drop towards $1100 – FXStreet

FXStreet Editor and Analyst, Dhwani Mehta, views that XAU/USD might see a fresh sell off on a break below 1142.67 towards 1130, and a hawkish Fed might lead to the pair extend its losses to 1100 levels.
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