Financial Trading
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Major markets have looked to rebound once more following a risk negative/USD positive bias through yesterday’s session. These rallies are likely to turn into consolidation as a crucial announcement from the FOMC is due later.
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.
Last week’s Fed meeting has changed the landscape for gold. The conditions are now set up to enable a recovery back into the $1800s once more.
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