Financial Trading
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It is a packed week of tier-one data. Traders will be preparing for retail sales, inflation and GDP data from several major and LatAm economies. Volatility will be elevated across markets
The Bearish Engulfing candle can be a very powerful negative reversal signal. Coming at the end of a positive trend, it can indicate a decisive shift to a new downtrend.
After disappointing US data saw Wall Street suffer into the close, we see risk appetite has tailed off once more. This comes ahead of some crucial central bank speakers at the ECB forum in Portugal.
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