Financial Trading
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Fed Chair Powell moving to a less hawkish positioning has weighed on US bond yields and the USD whilst boosting risk appetite with commodities and equities higher today.
Friday’s Nonfarm Payrolls report has increased the potential for a Fed rate hike in May. The clincher will likely come from US CPI inflation on Wednesday.
With the USD corrective trends already forming, there has been a subtle shift in sentiment on Wall Street. In recent days there has been a sense that intraday weakness is being supported.
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