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Volatility Swells with FX Markets Raising Systemic Concerns and Dow Enters ‘Bear Market’


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The new week has started off with an exceptional rise in volatility with FX markets in particular suffering an extreme jump on the back of the extreme drop from GBPUSD and EURUSD. While seasonality sets a troubling tone, the range of key technical levels and underlying fears around recession mark a converging storm.

 

 

 

DailyFX and IG.jpg

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    • #EURCAD: One More Bullish Move AheadEURCAD is taking off from a solid horizontal structure support.The price formed a bullish engulfing candle on a 4H time frame,engulfing the range of the last 4 candles.Chances will be high to see a movement up.Goals: 1.485 / 1.4914
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    • This week should give a good picture of how the economies of many countries are doing.
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