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EUR/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

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News
S&P 500 Rises on Trump China Presser, NFPs and Rate Decisions Ahead
2020-05-30 02:00:00
Euro Breakout or Fake-Out? EUR/USD, EUR/JPY Surge to Fresh Highs
2020-05-29 18:30:00
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

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Oil Price to Stay Afloat as US Output Falls to Lowest Level Since 2018
2020-05-29 23:00:00
Crude Oil Prices May Fall on US-China Tension, Trump Speech Eyed
2020-05-29 03:30:00
Wall Street
Bullish
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High
of clients are net long.
of clients are net short.
Long Short

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Dow Jones, Nasdaq 100 & DAX 30 Forecasts for the Week Ahead
2020-05-30 03:00:00
How to Invest During a Recession: Investments & Strategy
2020-05-29 20:00:00
Gold
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

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Data provided by
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Gold Prices Face RBA, BoC, ECB, US Jobs Data and Brexit Talks
2020-05-30 12:00:00
Weekly Gold Price Forecast: Bullish Breakout Potential Persists
2020-05-30 05:00:00
GBP/USD
Mixed
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High
of clients are net long.
of clients are net short.
Long Short

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Data provided by
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British Pound (GBP) Latest: GBP/USD Under Pressure Ahead of Next Week's EU/UK Trade Talks
2020-05-29 09:30:00
US Recession Watch, May 2020 - US Yield Curve Hides the Truth
2020-05-28 14:00:00
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

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Data provided by
News
Japanese Yen Price Outlook: USD/JPY Rebound Faces First Test
2020-05-30 09:00:00
US Recession Watch, May 2020 - US Yield Curve Hides the Truth
2020-05-28 14:00:00
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Real Time News
  • #Gold prices have continued to push higher as expectations have built for global Central Banks to remain very loose and passive with monetary policy for the foreseeable future. Get your $XAUUSD technical analysis from @JStanleyFX here: https://t.co/h5tF3kAZfd https://t.co/VAYy9FGHcQ
  • Major investment bank models have touted USD selling, given the outperformance in US equities relative to its counterparts over the past month. How is this likely to impact the month-end rebalancing? Find out from @JMcQueenFX here:https://t.co/MtNrHmXZpD https://t.co/YvoHlUsdVr
  • U.S. Market Analyst at https://t.co/JsVsSmefgR, Shain Vernier covers - ✔️ Safe haven assets in volatile markets ✔️ Central banks and governments ✔️ How will commodities trade in a recession Only on Trading Global Markets Decoded #podcast. Tune in here: https://t.co/1UmEzEbwiy https://t.co/X15k6b4ZyB
  • The month of May saw equities rise across the board. The #Dow Jones and #DAX 30 will look to hold above nearby support while the #Nasdaq 100 may look to attack all-time highs. Get your #equities market update from @PeterHanksFX here: https://t.co/dQxkG68R0I https://t.co/cgfcOs14qG
  • There is a dramatic departure between yield curve pricing for a recession and other measures of near-term growth; the Q2’20 Atlanta Fed GDPNow is extremely alarming.Get your market update from @CVecchioFX here: https://t.co/eMd3T8EwDO https://t.co/56oUP6we9U
  • The #DAX has now closed the gap from the beginning of March with the index breaking above 61.8% fib at 11592. Get your DAX market update from @JMcQueenFX here: https://t.co/wr67nkxc8z https://t.co/CkxPZn1v3t
  • Emerging market currencies haven’t been treated equally by the effects of global contagion, even if most have suffered to some degree. However withdrawal of investment flows could hit them all. Get your market update from @DavidCottleFX here:https://t.co/QzNoNYgMgP https://t.co/9CV6iZt40j
  • My weekend trading video: 'S&P 500 Rises on Trump China Presser, #NFPs and Rate Decisions Ahead' https://www.dailyfx.com/forex/video/daily_news_report/2020/05/30/SP-500-Rises-on-Trump-China-Presser-NFPs-and-Rate-Decisions-Ahead.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/ZvoGoibzj1
  • Hopes are high for deeper European economic integration as the continent battles back from the coronavirus slowdowns – but will it hold? What impact can this have on #Euro? Find out from @JStanleyFX here: https://t.co/b9ZWRd4cTr https://t.co/gngm5tKqjz
  • The US Dollar could rise against #ASEAN currencies such as the Singapore Dollar as US-China tensions seem to escalate. The Indian Rupee is also looking ahead of local 1Q GDP data.Get your market update from @ddubrovskyFX here:https://t.co/LkEFJViPWY https://t.co/iL7xlHLBiF
Staying long EURUSD, Trailing Stop

Staying long EURUSD, Trailing Stop

2012-07-26 14:35:00
David Rodriguez, Head of Product
Share:

As I wrote yesterday on the "Analyst Picks" page and the Real Time News feed, I think yesterday's EUR rally was the start of a larger bounce. I remain long from $1.2134, but have taken a quarter of the position off from $1.2312.

I still think the Euro stands to rally towards $1.25 and perhaps even $1.27 given the significant breakdown in the Dow Jones FXCM Dollar Index. Yet I'm comfortable taking partial profits and trailing the stop to roughly breakeven below previous congestion support of $1.2150.

Watch my justification for my Euro-bullish bias via my recorded euro forecast webinar.

I'll keep further thoughts posted as always on the Real Time News feed. - David Rodriguez, Quantitative Strategist for DailyFX.com

Questions? Contact the author via Twitter at http://www.Twitter.com/DRodriguezFX/

To get trade ideas and research from this author via e-mail, send a message with subject line "Distribution List" to drodriguez@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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