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Google launched a new AI product for its search engine yesterday, but an error sent the shares tumbling. This weighed on NASDAQ and by association the S&P 500. The correction seems to be short-lived and could be a near-term trading opportunity.
The ECB has remained cautious and is at the dovish end of the scale of central bank monetary policy. This will keep the EUR in a position of underperformance for the weeks to come.
The risk recovery and USD correction have gathered pace in the days since the Fed meeting. This is impacting forex, commodities and indices. Key growth and inflation data for the Eurozone will be eyed, as will the Fed’s preferred inflation gauge.
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