Aside from the failed intervention, what stands out is the decline in the momentum indicators (as would be expected since the price can rise past 7.85). The market was stretched in April when the limit was hit. Now we're back at the limit and it's situation normal.
Schedule for Week of April 21, 2024
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The key reports scheduled for this week are the advance estimate of Q1 GDP,
March New Home sales and March Personal Income and Outlays.
For manufacturing, ...
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