EURUSD and USDCAD Reversals More Suitable to Conditions but Beholden to Fed

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QQQ, Apple, EURUSD and USDCAD Talking Points

● Risk aversion was a productive wave across the financial system this past session, but an afternoon rally for US equities helped quell revolt
● The IMF updated WEO outlook upgraded US growth, US consumer confidence edged even higher and earnings general impressed
● Despite the tally of favorable developments, recognition of the Fed’s policy stance dictated by inflation warnings and Covid worries is keeping markets anchored

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