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Iron-ore prices to fall to $60/metric ton by 2017-end – Goldman Sachs

Analysts at Goldman Sachs out with their latest outlook on iron-ore prices for the coming months.

Key Quotes:

“Price fall has further to go”

Anti-pollution price in China coming winter months will hurt demand further: "The market has not fully priced the negative impact of environmental restrictions"

Supply from global mines is set to expand too: "On top of the steel production cuts described above, which imply weak iron ore demand over the next six months, iron ore supply fundamentals are also discouraging."

EUR/USD defends head and shoulders neckline ahead of Yellen speech

EUR/USD was offered at the confluence of 5-DMA and 10-DMA on Monday after the German elections revealed a sharp rise in support for the far-right AfD
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Japan's Motegi - Economy is not at a stage to consider sales tax above 10%

Comments from Japanese Economic Minister Toshimitsu Motegi cross the wires via Reuters- Japan is not at a stage to consider sales tax above 10% Ha
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