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Market sentiment remains strong as oil and Wall Street push ever higher
General market sentiment remains positive as Wall Street continues to run into all-time highs amidst a backdrop of rising oil and metals prices. The dollar bulls made their first real impact on 2018 yesterday as a strong ISM Manufacturing print and relatively hawkish FOMC minutes helped to drive a near term dollar rebound. The question is now whether this is the beginning of a turnaround of fortunes for the dollar which had come under a bout of selling pressure late in 2017. The reaction of the coming sessions could be key to this as the Dollar Index has recently completed a significant breakdown below support at ... (full story)