Financial Trading
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Equity markets are selling hard in the wake of Friday’s US CPI. The prospect of higher Fed rates and a stuttering re-opening of China post-lockdowns is driving markets lower.
Despite the stronger-than-expected payrolls report on Friday, the USD remains on a corrective path, with gains being sold into. There is a mixed outlook across major markets to start the week.
Precious metals have recovered strongly in recent weeks. These moves have formed technical base patterns but a retreat in recent days means a crucial crossroads has been reached.
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