Yohay Elam, Forex crunch - The week opened with the release of a big bulk of Chinese data. GDP came out better than expected and other data points showed a welcome transition from industry to services. But is it real? The Aussie sticks to range and digs into a triangle pattern.
Also EUR/USD is seeing another pattern: Head & Shoulders. Will it fall off or bounce higher? The ECB's decision is the key event and tension is already building. Cable also has a clear separator of ranges. We discussed the upcoming speeches from Fed official and a preview to this week's important events as well as developments towards the BOJ and Fed meetings next week.
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