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Risk warning: Losses could exceed deposits.

The status quo won in the French election and the Euro fell a bit as a result.

There’s more room for the pound to strengthen after the brexit and election announcement in the UK.

There could be a bounce in the AUDUSD.

Not much going on in the US equity markets and with the summer holidays in could be more range bound.

Gold and silver are not showing any divergence and though they’re due for a bounce, nothing is apparent at present.

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The index charts

 

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