GBP/USD: minor spike fades around key fib level

The GBP/USD witnessed a minor spike to 1.5355 (38.2% of 1.5107-1.5509) on the dismal US GDP report, before falling back to 1.5330 levels in early Europe.
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Stay short NZD/USD ahead of RBNZ – Deutsche Bank

Robin Winkler, Strategist at Deutsche Bank, suggests that the market under-prices the odds of an OCR cut is at only 12% and net long positioning also guards against a squeeze. So, there is good risk reward in staying short NZD/USD, the analyst adds.
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