IX Intel - Market updates - Tags
With the Fed into its blackout period and a lack of tier one US data this week, there is still a legacy from last Friday that hints at a USD correction. Fears of corporate layoffs in the US dent an indices recovery.
With US Consumer Confidence and Eurozone inflation due this week, there is still much to keep traders on their toes.
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.
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