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In the broadcast today: What will the Stock Market Correction Bring for the EUR and GBP? With the stock market correction already under way, we explore the probabilities for a short-term trend reversal that could cause the EUR/USD pair to revisit previous lows around $1.40, we analyze today's bearish breakout for the GBP/USD and its implications that may lead to a test of a major support level below $1.60, we follow up on the latest developments with the commodity currency pairs: AUD/USD, NZD/USD and USD/CAD, we examine the market's reaction to the Euro-zone Manufacturing PMI and Unemployment Rate, the U.K. Manufacturing PMI and Mortgage Approvals, the Swiss GDP, and the U.S. ISM Manufacturing Index and Pending Home Sales, we discuss new forecasts from HSBC, Bank of New York-Mellon and UBS, and prepare for the trading session ahead.
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