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Looking back at the past week, we saw a few breakouts in the markets. With the US Debt Ceiling being the talk of the town, markets find themselves in shaky grounds.
The negative market sentiment that re-emerged once more over the weekend has continued into the early part of the week. Indices are being dragged lower along with commodities. The USD strength has pulled EUR/USD to within a whisker of parity.
With the Federal Reserve seemingly not as hawkish as some had been anticipating, there has been a shift in the outlook on major markets. This is impacting forex, indices, and commodities.
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