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Markets in wait and see mode hoping for progress in trade talks
Markets have developed a wait and see approach as the US returns from Presidents Day public holiday and the US/China trade talks resume in Washington today. There was little real steer across markets yesterday and this consolidation has leaked into today’s session. There are still several questions that need to be resolved on major markets. How does EUR/USD respond to breaking $1.1300? Can gold decisively breakout above $1326? Can the rebound in global equities continue? These questions will likely find their answers coming from the US/China trade talks which have the potential to be supportive for risk appetite ... (full story)