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Flash: Swedish GDP surprised to the upside –TD Securities

FXstreet.com (London) - TD Securities noted that the Swedish GDP surprised to the upside each quarter of 2012.

They were adding that while the most recent data, especially in the labour market and trade-dependent sectors, has been weaker than expected, this seems more likely to be a drag on Q2, as most of the data through the quarter was trending better than expected. So they see upside risks to Q1 GDP and expect a 0.5% q/q print, better than the 0.3% that the market and Riksbank forecasts expect.

Commodities Brief – Gold nestled below 1400, silver gathers steam for breakout

The price of gold continues to trade within the handle of the inverted cup, which has thus far failed to break the support of the handle during European trading Wednesday. An ultimate break below the ascending support of the handle may signal a continuation of the overall bearish wave, targeting initially the latest major low at 1321.00. Conversely, a clear break above 1400.00 is required to negate the short-term bearish outlook and target 1445.00-1450.00. At the time of writing, the yellow metal has settled at USD $1385.82 per oz.
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Flash: US dollar supported by rising US yields - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that the US dollar has strengthened further in the Asian trading session with the dollar index around 3.5% higher during the month of May.
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