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Inflation is not falling as fast as hoped in the US. This means that US interest rates will need to be higher for longer. The USD is strengthening from this and is testing some big levels on major forex.
Technical analysts use past price data to predict future price movements. They do this by using a range of trading tools that identify price patterns.
After a recent deluge of tier-one data, major markets face a quieter week on the economic calendar. However, the US Mid-term elections and US CPI inflation loom large.
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