The headline US durable goods data was stronger than anticipated with a 1.4% growth for June along with the inherent data was strong, but the buck has failed to capitalise on first gains and has shrunk back through 1.20 into 1.2025. Underlying confidence should continue as well as the key is that the market positioning prejudice. The evidence suggests that the marketplace is bucks that are long, keeping up the danger of a squeeze, but there's very likely to be buying interest following a correction poorer.
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