IX Intel - Financial trading - Tags
Breakdowns in major markets have been seen as support levels have been breached on forex and indices. How markets respond to these moves will be key but with US inflation due today, the moves may not be set quite yet.
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.
Major markets are consolidating as traders keep their powder dry ahead of key risk events later in the week. Forex pairs and indices have become rangebound. However, there is movement in commodities as a series of rebounds are starting to take hold.
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