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Money managers cut back long Gold positions - DB

FXStreet (Bali) - Money managers were seen cutting back on their net long positions in Gold last week, Deutsche Bank Strategist Michael Hsueh reports.

Key Quotes

"As prices declined for gold, money managers were seen cutting back on their net long positions by 7.7K contracts after two weeks of building length."

"As prices also declines for silver, money managers were seen reducing their net length by 8.4K for the second consecutive week now."

"Meanwhile, money managers were seen scaling back on net length for the second week by 1K contracts for copper as prices depreciated during this reporting week."

PBOC: Intensity of easing more than expected - Nomura

The Asian Economics Team at Nomura notes that while the timing of the PBOC policy move is in line with their expectations, the intensity of easing is more than expected.
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Investors more patient on a Greek resolution - Credit Agricole

The Strategy Team at Credit Agricole, via eFXNews, notes that the lack of contagion from Greece suggests that investors are willing to wait longer for a resolution on upcoming payments to creditors if needed.
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