US Dollar Traders Heads Up: Jackson Hole and Global PMIs Threaten to Detonate Strained Markets

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We have witnessed the full weight of speculative anticipation through the unrelenting restraint from the markets this past session. Despite a number of otherwise provocative updates on the three key themes we have been keeping close track of these past months - owing to the market movement they have inspired - we were met with extraordinary restricted trading ranges this past session. The S&P 500's 10.8 point range was particularly impressive given the strong gap higher to open the day and the fairly traversable range the index has to work from the past ...