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The Global Slowdown Theme Cements On US ISM Big Miss
As we head into European trading, we find ourselves in an environment dominated by US Dollar weakness across the board courtesy of further evidence that the “global slow down” phenomenon is sinking in. The turnaround is a radical shift of dynamics from what just 24h ago in what’s been a very lively start of forex trading in 2019 due to the Yen flash surge. The moves on Jan 3rd carry some important messages that should not be overlooked. First and foremost, it portrays the difficulty that any market will face finding any type of equilibrium when the rubber stretches as much as it did in the event of ... (full story)