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Traders jostle for position with markets in consolidation

From hantecfx.com

There is a sense of traders building themselves up for what could be a crucial event at Jackson Hole on Friday. Janet Yellen’s key speech could set out how the Federal Reserve may be about to move on monetary policy and traders continue to jostle for position with markets in consolidation mode. The stronger dollar seen in the past couple of days has come with expectation/hope/fear (delete as required) that Yellen may follow some of her allies on the FOMC and shift to a more hawkish stance. This has impacted across major markets with EUR/USD and gold both dropping and equities also beginning to correct after a huge ... (full story)

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