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The ISM Manufacturing PMI remains in contraction, but pricing pressures are increasing. This is driving yields and the USD higher and weighing on risk appetite.
The signs are turning positive for indices once more. Key resistance levels are being tested and a breakout would open a new recovery phase.
After not even a day of respite, risk assets are being sold off once more and the USD is a tower of strength. Geopolitical risk and rising bond yields are again key factors.
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