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Grega Horvat of #ForexAnalytix talks about the week ahead in #FOREX post CPI and FED minutes.
Last week, the market movements were rather limited as we traded within a narrow range. However, the global inflation concerns and FED hawkish speculation contributed to a slight rebound in the US yields and the USD in the last two weeks. Should stocks descend from resistance, we may anticipate a further uptick in these markets. The forthcoming GDP data, earnings reports, and BOJ decision will significantly influence market behavior.
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