Risk Assets Rally, USD Index at a Turning Pointđ
Friday saw a holiday session-like activity (volumes 50-75% of normal) as risk assets saw a strong close to the week with SPX regaining its 100d MA, long-term trendline and stochastics rebounding from over-sold levels. The USD index also appears to be putting in a local top while EM currencies look poised for a break-out. Risk sentiment remains buoyed across the board and the market shows little signs of weakness at the current juncture.
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