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Trading the FX markets as China’s economy slows

Richard Perry from Hantec Markets says China is putting real pressure on the markets, with commodity currencies feeling the brunt of it. 

All trading involves risk. Losses can exceed deposits.

He says there has been a great deal of flow into the euro and it has broken through some key resistance levels. Richard also likes sterling and is looking for a closing break above $1.5690. He says EUR/JPY is forming some nice support at ¥1.37 and could test the peak of ¥1.41.

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