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A slow start to the new week

February 12, 2024
in Forex
Reading Time: 1 min read
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A slow start to the new week

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Congrats to the Kansas Metropolis Chiefs for taking house yet one more Lombardi Trophy. That makes it three Tremendous Bowl titles in 5 years. Huge popularity, massive popularity. Whereas the world watches on, it is a gradual begin to the brand new week for markets. And never surprisingly so, actually.

In Asia, most markets are nonetheless closed amid the Lunar New Yr. With Japan, China, Hong Kong, and Singapore all out, liquidity situations are sapped to say the least. We could sit up for issues choosing up in Europe later however I would not be stunned if the quieter temper persists.

There are no main financial knowledge releases slated for right this moment, even in US buying and selling. Including to that, all eyes are on the US CPI knowledge that can come tomorrow. That’s the subsequent massive knowledge on the agenda after the non-farm payrolls earlier this month.

As such, merchants are going to lack urge for food in chasing any strikes till we get to that. So, do not anticipate any fireworks within the day forward.

This is a snapshot of the key currencies area as we glance in the direction of European buying and selling:

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