Dow Record Highs, EURUSD Extreme Congestion and Low Fading VIX Face Heavy Event Risk

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S&P 500, Earnings, EURUSD and USDCAD Talking Points

● Risk trends more than recovered from the Monday plunge this past week with record highs for the S&P 500, Dow and Nasdaq 100 in an otherwise quiet trading period
● Ahead, the docket is overrun in high-level event risk with themes covering US earnings, US and European official GDP readings and a FOMC rate decision among other listings
● Anticipation may prove the greater influence than actual market response, but the EURUSD’s extreme congestion and S&P 500/Dow record high are due some resolution/motivation

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