The FX tape tells you everything about the character of this shock. We have not seen disorderl yair pockets across the G-3 ...
This feels like one of those sessions where the market simply refuses to reveal its hand. Too many cross-currents, too many unresolved catalysts, and not enough conviction for traders to press risk in ...
Take this with a grain of salt. This is not a forecast. It is a risk map. Markets rarely wait for treaties or ceremonies. They move when the language changes. Watch the Mar-a-Lago trial balloons ...
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