Financial Trading
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There is a deluge of tier-one data this week. Three major central banks and two in Lat Am update monetary policy, all expected to hike rates. With PMI data, unemployment (including Nonfarm Payrolls) and inflation, this could be a choppy week for markets.
The Bank of England’s decision to buy UK Gilts to defend against mounting systemic risk helped to settle market fears initially. However, the sellers are once more flexing their muscles this morning.
After a mixed session on major markets yesterday, the selling pressure on the USD is resuming once more today. This is helping equity markets to continue their recovery.
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