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Market Wire Update:
Acronym Week
In seven weeks of trade the global markets have literally moved nowhere; equities, oil, currencies. We have seen intra-day moves, have seen some 4 hour breaks that threatened to hold, for a while, but have not seen anything sustainable, outside of the long gold move on Tuesday.
As such we are looking for three letters to start something that seven weeks have been unable to; Fed, ADP, BoE, ECB, NFP. It all starts on Wednesday.