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Is the dollar about to embark upon a near term recovery?
Dollar weakness and huge gains on Wall Street have been the two market themes have dominated the opening weeks of 2018, however are these trends about to see a correction? Wall Street opened sharply higher yesterday only to see the largest one day intraday correction in over a year to leave the Dow, S&P 500 and NASDAQ all lower on the day. One bearish session does not make a trend, but the manner of the reversal will have concerned the bulls, with VIX volatility jumping to six week highs. There certainly is room for a correction after the huge gains. Concerns over the potential for a US Government shutdown that ... (full story)