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USDCAD TECHS

Consolidation Mode But Remains Bearish

AUDUSD TECHS

Fails To Hold Onto Thursday’s High

US

'Big Tech' Bill Goes To Senate

COMMODITIES

Oil Up For Fifth Week On Supply Disruption, Geopolitics

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FOREX
FOREX: A quiet European morning initially spilled over into the New York open,
as the market awaited the release of US CPI and the FOMC. The release of weaker
than expected Core CPI Data witnessed the dollar come under pressure across the
board.
- Currencies remained in a holding pattern for the remainder of the session as
the market looked to the release of the FOMC. 
-The dollar received a small boost just ahead of the European close as the AP
reported House and senate leaders reached a tax package deal, although volume
and flow was reported to be light. 
- Just ahead of the FOMC the dollar came under pressure as it was reported that
tier 1 institutions were squaring up. Eur/usd printed fresh session highs of
$1.1777.
-The FED, as expected raised rates by 0.25BPS, however it was very much a case
of "buy the rumor, sell the fact" as the dollar lost ground across the board.  
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