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There were positive signs for risk appetite yesterday as weakness was bought into. This could be an important shift in market sentiment as we come towards the end of another volatile week.
After performing well in recent weeks, metals prices are threatening to turn lower once more. With US inflation peaking, a strengthening USD is weighing on the outlook.
A tech sell-off into the Wall Street close on Friday and mounting geopolitical risk have lent markets a negative bias on Monday morning. This is leading to USD gains and sliding indices.
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