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Level and Target Adjustments for the U.S. Session – April 30th
The British pound, euro, Japanese yen,
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The British pound, euro, Japanese yen, and Canadian dollar were traded today using the Momentum strategy. I did not use the Mean Reversion strategy.Weak eurozone GDP growth data for the first quarter put pressure on the euro, but did not trigger a large-scale sell-off. Despite the initial slowdown in economic growth, inflationary pressure in the eurozone continues to increase. This creates a dilemma for the European Central Bank, which must decide today how to balance risks to economic growth and
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Miroslaw Bawulski,
Analytical expert of InstaForex
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Maxim Magdalinin
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