With the EU interest rate announcements out of the way, we are now focusing on GBP Manufacturing Production and PPI Input followed by US Retail Sales and Preliminary UoM Consumer Sentiment Index. The dollar lost ground yesterday, perhaps allowing us to set a bottom at the current lows. Equity markets look good for now, with the DOW now trading at 10170; we mentioned yesterday that it may have double bottomed at 9800 and are now waiting for it to break 10300. This may be a time of consolidation, which is much needed.
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