Financial Trading
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After a recovery on risk assets yesterday, there is far more of a cautious feel to major markets this morning. Selling risk assets into strength has been a consistent theme as key data has continued to paint a picture of mounting recession risks. Nonfarm Payrolls will be in focus today.
Sentiment remains negative across major markets, allowing the US dollar to continue to strengthen, whilst indices are being sold off. The new week is starting where the old one left off.
A near-term shift in the outlook for the USD has induced recovery in some major forex pairs. We look at what is driving the moves and how far they could go.
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