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Sentiment looking cautious as a momentous week begins
Market Overview On what looks set to be a momentous week, markets are beginning to trade with a slightly negative outlook with sentiment looking cautious. Although equities may have ended last week on a dampened note, the dollar has once more been strengthening ahead of a raft of crucial economic data events. This strength is pushing the trade weighted dollar ever closer to the key March peak of 100.4 which coincides with the key low at $1.0456 on EUR/USD. After a slight pause at the back end of last week, the US 2 year yield is looking to move higher again which should also be supportive of the dollar. With US ... (full story)