Financial Trading
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After a settling period for major markets, today we move headlong into the start of a deluge of crucial data, starting with the US CPI. Traders will be watching for moves on the USD and broader risk sentiment.
There is a sense of consolidation setting in for major markets ahead of another crucial Nonfarm Payrolls report. A shade of USD strength with indices slightly mixed and little decisive direction on commodities.
The USD rally is on pause this morning as traders position with caution on US Presidents Day. Reaction to data later this week could be crucial as to whether the USD rally has run its course.
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