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5 Big Drivers of Higher Inflation Rates Ahead

5 Big Drivers of Higher Inflation Rates Ahead

Investors got lulled into a…

Stocks Fail to Hold Gains, But Still No Correction

Stocks Fail to Hold Gains, But Still No Correction

The U.S stock market indexes…

Daily Technical Report

EUR/USD is temporarily unwinding from oversold conditions. However, it is still likely to see the bearish impulsive move is extend from key overhead resistance (primarily a 2 year trend and its long-term 200-day average).

Bearish sentiment also remains anchored by heightened contagion fears driven from the greater European sovereign debt risk.

A sustained close beneath 1.3146 (Oct swing low) will re-establish the larger downtrend from April and target 1.3000 (psychological level), then 1.2870 (2011 major low).

Keep an eye on highly correlated risk-related proxies, such as the S&P500 and AUD/USD, which both continue to exhibit downside presssures.

Inversely, the USD Index is extending its recovery higher and is fast

Daily Technical Report

 

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