Forex Secret

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Morning Market Briefing for August 26th: Renewed Risk Aversion


With USD trading stronger and oil and gold weaker and 10-year Treasury yields on the decline, the risk themes are aiming more toward risk aversion, and that has stocks trading at the lower end of their recent range (ES futures; chart above). Note continued heaviness in emerging markets (EEM); that, along with commodity weakness, continues to raise yellow flags for me longer term.
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