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From the Floor: Oil slides as bulls capitulate — #SaxoStrats
Oil prices slid dramatically overnight as holders of long positions capitulated in the face of persistently weak fundamentals, and industrial metals have been dented by rising inventories and concerns over China demand. In the FX markets, EURUSD is breaking towards 1.10 even before the outcome of the French election is known.
16:05 minutes
Tags: bonds, commodities, equities, eurusd, ferrari, forex, french election, fx, interest rates, john hardy, oil, ole hansen, peter garnry, saxostrats, saxotradergo, tradingfloor.com
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