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We saw a softer than expected CPI in the early hours of European trading, which saw EURJPY breach the 149 level.
The economic calendar is packed with tier-one data from across major economies and Latin America this week. Nonfarm Payrolls, the PMIs, Eurozone inflation and a Bank of Canada rate hike will be the highlights.
After a huge wave of selling pressure a bear market rally is threatening on indices. However, rallies in 2022 have tended to be short-lived.
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