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  • Bank of Japan to mull widening of its long-term yield band -BBG $USDJPY
  • While the rise in longer-dated Treasury yields have been impressive as of late, March highs remain a key focus for resistance The medium-term uptrend remains intact, maintained by rising support from August Fading fiscal stimulus expectations (size) may sour yields ahead https://t.co/L3vBcF0ts7
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here: https://t.co/rz7fqhRoMG https://t.co/vFJ8zmphMm
  • While the US Dollar has been holding its ground, its downside bias against the Singapore Dollar, New Taiwan Dollar Thai Baht and Indonesian Rupiah remains intact as it hovers at support. Get your market update from @ddubrovskyFX here: https://t.co/p7gAztWuVG https://t.co/zB1pOS6U4D
  • The $VIX is now running 227 trading days above the 20 handle. It is also working its way quickly into a dead-end descending triangle. These don't really break lower... https://t.co/39Pr7YrQ08
  • WTI Crude amongst the many market participants taking a hit today, down almost 3% $WTI $USD https://t.co/eg2phm1wUO
  • The power of suggestion: even though the market recognized the mistake with mixing Tesla founder Musk's suggestion to use the Signal app with the stock SIGL, it is still trading >2,000% above pre-remark levels and maintains heavy volume. Us speculators are an interesting people
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.07% 🇨🇭CHF: -0.35% 🇪🇺EUR: -0.65% 🇨🇦CAD: -0.75% 🇦🇺AUD: -0.95% 🇳🇿NZD: -1.19% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/6NZVebT00L
  • one final $BTCUSD chart ahead of the weekend bc I think this is going to remain on the move. 35k support has held for now, but prices are testing a big zone of prior resistance (same that held the high on tues morning). break down/out levels in purple below $BTC #Bitcoin https://t.co/TeLrBYJXty https://t.co/MewVjXNrRT
  • Silver selling off during trade, now down over 3% $XAG $USD https://t.co/V69rLJMYcC
Webinar: Post-NFP USD Rally Under Review

Webinar: Post-NFP USD Rally Under Review

2016-10-10 16:24:00
Michael Boutros, Strategist
  • Post-NFP setups we’re tracking this week
  • Updated targets & invalidation levels
  • Looking for trade ideas? Review DailyFX’s 2016 4Q Projections

Friday’s ‘Goldilocks’ Non-Farm Payrolls may have fueled strength in the greenback, but the broader outlook for monetary policy remain unchanged with Fed Fund Futures still calling for a 70% likelihood the Fed will look to raise rates in December. That said, the dollar crosses remain in focus heading into the start of the week with the USD indices flirting with key resistance zones. Keep in mind we have FOMC minutes on Wednesday followed by Advanced Retail Sales on Friday.

While some may be tempted to get involved in the sterling sell-off, extreme caution is warranted. GBP/JPY remains the best candidate of the crosses with the weekly opening-range taking shape just below the August lows. We also took a close look at commodities today amid the recent volatility in oil, gold & silver.

Key technical setups discussed on USDOLLAR, DXY, USDJPY, EURUSD, EURJPY, NZDUSD, GBPUSD, GBPJPY, USDCAD, Gold, Crude Oil & Silver. Continue tracking these setups and more throughout the week- Subscribe to SB Trade Desk and take advantage of the DailyFX New Subscriber Discount.

Relevant Data Releases

Webinar: Post-NFP USD Rally Under Review

Help fine-tune you entries, click here to learn more about the DailyFX Grid Sight Index (GSI)

Other Setups in Play:

---Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michaelon Twitter @MBForex contact him at mboutros@dailyfx.com or Click Here to be added to his email distribution list

Join Michael for Live Scalping Webinars on Mondays on DailyFX and Tuesday, Wednesday & Thursday’s on SB Trade Desk at 12:30 GMT (8:30ET)

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

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