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S&P 500: Risk of continuation in decline is present – Societe Generale

S&P 500 has rebounded after forming interim support near 5500pts representing the 61.8% retracement from last August, Societe Generale's FX analysts report.

Gap-up level at 5710pts is first support

"It has gapped up yesterday and is inching higher towards the lower limit of previous multi-month range. December low of 5810/5830pts and the 50-DMA near 5910pts are next short-term hurdles. If the index struggles to overcome these resistances, there could be risk of continuation in decline. Gap-up level at 5710pts is first support."

USD/CAD to tick down to 1.42 amid stretched short-CAD positioning – Danske Bank

In Canadian Dollar (CAD) FX space, the reaction to PM Carney's snap election, scheduled for April 28, has been quite muted so far, Danske Bank's FX analyst Jesper Fjärstedt reports.
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Germany 5-y Note Auction up to 2.44% from previous 2.15%

Germany 5-y Note Auction up to 2.44% from previous 2.15%
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