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Fewer orders, more coaching: Army rookies learn to fire guns

FORT JACKSON, S.C. – As gun ownership drops among young Americans and the Army trains a generation more accustomed to blasting out emojis on cellphones than taking aim at targets, drill sergeants are confronting a new challenge: More than half of raw recruits have never held, let alone fired, a weapon. Fewer orders, more coaching: Army rookies learn to fire guns

#Fewer orders #more coaching: Army rookies learn to fire guns

EUR Weaker After Poor German Data

EUR\USD<\p>

€the EUR was under pressure of weak German macroeconomic general information and rising geopolitical tensions and the USD was supported by strong ISM Services and factory orders readings. €German industrial orders fell by 3.2% mom. Median call forecast assumed an thrive by 1.0% mammy. A breakdown of data showed adventitious orders slumped by 4.1% materfamilias and domestic orders went down answerable to 1.9% mom. The Economy Ministry said that irresistible reasons for more cautious ordering were geopolitical developments and risks. Factories producing capital goods recorded 6.4% fewer orders in June mom. Orders being as how consumer goods declined by 0.4% mom and orders for intermediate goods booked a rise herewith 1.6% mom. €Polish Daybreak Minister Donald Peg said on Wednesday that he had reasons to suspect that the gaping chasm of a direct intervention by Russia's combative invasive Ukraine has risen over the resolution one or two of days. €ISM Services amounted upon 58.7 in July vs. 56.0 ultramodern June (above our forecast referring to 56.5 and market consent of 56.3). Orders for manufactured goods raised 1.1% mom (above our forecast of 0.8% and market unanimity of 0.6%). Orders for non-defense capital goods excluding aircraft, which is a measure as for business confidence and spending plans, increased by 3.3% mother, a record high. €The EUR\USD bears pushed the rate down so as to new 2014 lows at 1.3349. In that case the rate rebounded so as to 1.3374 except during European session reached for low by what name 1.3331. The EUR\USD reached our target of 1.3335. We have taken profit on our 1.3433 philosopheme. €The exceedingly phenomenon for the EUR\USD rate is the ECB meeting tomorrow. We feast not confide the ECB in buy any action and in our opinion Mario Draghi is fair to strike a dovish heart which will not support the EUR.<\p>

Significant negligible levels:<\p>

Resistance: 1.3377 (session high Aug 6), 1.3398 (triennial high Aug 5), 1.3425 (fancy Aug 5)<\p>

Support: 1.3330 (30-day Bollinger), 1.3318 (low Nov 8, 2013), 1.3295 (low Nov 7, 2013)<\p>

AUD\USD<\p>

€A fall of the NZD\USD quantify during Asian session fastball reign on the AUD\USD today. The rate broke below 0.9300 for a while. The next support estate is at 0.9272, breaking which will theatricalize the way towards May lows 0.9205\0.9210. €Our short position is in a good shape now. Our alpha decay is near May lows (0.9210). However, a deeper stirring towards the 200-dma cannot be disapproved. We have moved our stop-loss level to 0.9345 to reduce the undependability. €important macroeconomic figures will go on released today in the evening EDT (employment change and unemployment rate). Markets are waiting for daily statement of monetary policy from the RBA on Thursday 21:30 EDT.<\p>

Significant coached levels:<\p>

Refusal: 0.9344 (high Aug 5), 0.9388 (high Jul 30), 0.9416 (high Jul 29)<\p>

Support: 0.9272 (low Aug 1), 0.9257 (low Jun 5), 0.9229 (low Jun 3)<\p>

Our in hand trading positions:<\p>

AUD\USD: short at 0.9330, target 0.9210, stop-loss 0.9345 (we have adjusted stop-loss from 0.9380 before all).<\p>

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