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Trade on the front foot going through the EU Cash open

EQUITIES
  • Estoxx (VGH2) extends early gains, going through the EU cash open.
  • Similar price action in the US with Emini near session high, after testing the initial resistance at 4718.29
  • Mr Powell felt less Hawkish, and more cautious in his response yesterday afternoon,
  • Although he reassured lawmakers that the Fed can bring down inflation without damaging the Economy, he underlined that the pace is still mainly Data dependent.

Chart source: Bloomberg

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