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8 Macro Charts traders need to have on their radar
The dollar index traded like a penny stock, up, down, up yesterday. It was quite perplexing to see real yields up and a mild equity market correction provide no bid to the dollar. There was a big miss for initial claims which highlights the weakness still present in the Labour market. This will help quicken the pace at which the stimulus package is released by government. Let’s see what PMI’s bring. Fed minutes reiterated the dovish tilt with conditions being met for a tapering not being met for “some time”. However, the Fed’s Kaplan was slightly more hawkish stating as the US weathers the virus, it would ... (full story)