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16 Apr 2013
Forex Flash: The correction widens - Societe Generale
FXstreet.com (Barcelona) - Sebastien Galy, Senior FX Strategist at Societe Generale notes that the recent correction in the markets is steadily widening and now taking on the JPY funding leg.
He writes, “US equity markets were under more pressure an indication of institutions cutting their positions. Gold, silver are just the lead. North Korea gave us its final warning timing well the market, while we are watching on a loop images from the Boston Marathon. Sentiment is souring under some dark clouds.”
He writes, “US equity markets were under more pressure an indication of institutions cutting their positions. Gold, silver are just the lead. North Korea gave us its final warning timing well the market, while we are watching on a loop images from the Boston Marathon. Sentiment is souring under some dark clouds.”