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  • $USDCAD big test, right at the Sept. high https://t.co/D9baX3BGXf https://t.co/Sg2ySGIIY8
  • just about an hour later $USDCAD https://t.co/D9baX3BGXf https://t.co/B0c71AkZTl
  • Hedging Evergrande (3333 HK) is reportedly a near impossible task
  • Given there is a substantial risk from China's Evergrande situation with a possible technical default at the start of next week, I'll be watching Bitcoin as a 'risk' measure over the weekend. Here versus SPX as Shanghai Comp is 'tended to' https://t.co/OoudsWHFPy
  • The latest batch of US economic data suggests the economy is weathering delta variant concerns, increasing odds for a Fed taper announcement shortly. Get your market update from @CVecchioFX here:https://t.co/aioT8UU4IJ https://t.co/BhMSqkkV0E
  • $USD support hold at higher low $DXY now breakout after U of Mich Focus now shifts to the Fed for next week's rate decision. Quarterly meeting, so also getting an updated dot plot matrix and SEP https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/09/17/USD-price-action-us-dollar-rallies-to-sept-high-focus-shifts-to-the-Fed.html https://t.co/oJdrBqBkfp https://t.co/EsSn4XEB1g
  • another hit at resistance $ES $SPY $SPX that zone is 5 for 5 this week, catching resistance each day m-f (this morning was pre-us open) https://t.co/cchd5Rr92S https://t.co/wwXugBgE8m
  • US headline consumer sentiment survey from UofM picks up but less than expected 71 vs 72 expected and 70.3 previously. Expectations component advances to 67.1 from 65.1. Inflation forecasts still pushing their highs. Tepid Dollar and emini $SPX futures response thus far
  • 🇺🇸 Michigan Inflation Expectations Prel (SEP) Actual: 4.7% Previous: 4.6% https://www.dailyfx.com/economic-calendar#2021-09-17
  • 🇺🇸 Michigan 5 Year Inflation Expectations Prel (SEP) Actual: 2.9% Previous: 2.9% https://www.dailyfx.com/economic-calendar#2021-09-17

The US Dollar (ticker: USDOLLAR) and Japanese Yen were the worst performers in an eventful week for forex trading. Price momentum favors further USD and JPY losses, but caution is urged ahead of potentially difficult week of currency price action.

US Dollar Targets Losses, but Trading Defensively into January

A fresh wave of Quantitative Easing from the US Federal Reserve was enough to push the US Dollar (ticker: USDOLLAR) lower cross the board, and current price momentum leaves short-term trading outlook in favor of Greenback losses.

EUR/USD Just Below 1.3200 Without Major Threats…Or Catalysts

The euro's strength was robust and broadly distributed this past week. A combination of general (though modest) improvement in economic ...

Japanese Yen Remains Oversold - Elections, BoJ Meeting In Focus

The Japanese Yen continued to weaken against its U.S. counterpart, with the USDJPY advancing to a nine-month high of 83.95, and the December 16 elections may continue to weigh on the low-yielding currency as Liberal Democratic Party President Shinzo Abe pushes for an unlimited asset purchase program.

British Pound to Steady Amid Mixed CPI, BoE Minutes

Our attention is drawn to a future BoE governor, which when combined with the near-term fundamental backdrop necessarily suggests a “neutral” rating for the British Pound for the next week.

Gold Lacks Direction Following Historic FOMC Policy Shift - $1693 Key

Gold prices were slightly softer at the close of a volatile week with the precious metal off by 0.52% to trade at $1695 at the close of trade in New York on Friday.

Australian Dollar May Fall After US "Fiscal Cliff" Deal

The Australian Dollar may fall after US policymakers reach a widely expected deal to avoid the “fiscal cliff” as focus turns to the 2013 RBA rate cut outlook.

Forex_Weekly_Trading_Forecast_for_December_16_22_2012_body_Chart_1.png, Forex Weekly Trading Forecast for December 16 - 22, 2012

http://www.dailyfx.com/forex/fundamental/forecast/weekly/usd/2012/12/14/us_dollar_trading_forecast.html

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

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