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Traders keep their powder dry ahead of key risk events
Markets are starting off a potentially pivotal week in a cautious approach as traders choose to key their powder dry ahead of the key risk events later in the week. With economic growth data along with the Fed and the BoJ both announcing monetary policy in the coming days, it seems as though traders are currently reluctant to take too much of a view. There is a mixed outlook with no real direction on forex markets aside from mid gains on the Aussie. Commodities are mildly lower with precious metals off around half a percent, but as is the oil price which is again drifting lower. Adding to the mixed sentiment, ... (full story)