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This week will be quiet on data from the US with the main highlight being the US weekly Jobless claims print on Thursday, followed by Flash PMI on Friday.
The Bearish Engulfing candle can be a very powerful negative reversal signal. Coming at the end of a positive trend, it can indicate a decisive shift to a new downtrend.
Sentiment remains negative across major markets, allowing the US dollar to continue to strengthen, whilst indices are being sold off. The new week is starting where the old one left off.
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