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  • RT @IGcom: With the yen being a big trade recently, @JMcQueenFX @DailyFX, speaking with @JeremyNaylor_IG, picks up a short EUR/JPY trade as…
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.31% 🇨🇭CHF: 0.25% 🇦🇺AUD: 0.25% 🇪🇺EUR: 0.15% 🇳🇿NZD: -0.08% 🇬🇧GBP: -0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/0J5pV63Spe
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: France 40: 1.02% Germany 30: 0.74% FTSE 100: 0.58% Wall Street: 0.27% US 500: 0.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/P4CEDhjMsB
  • Heads Up:🇺🇸 Fed Chair Powell Speech due at 15:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-10-22
  • A healthy showing for developed world economic health with today's October PMIs. These are the 'composite' figures for the various major countries/regions that updated: https://t.co/AzBypYuCK7
  • $GBPJPY pullback continues as looked at yday, trendline couldn't hold the lows and now price dipping into that first nearby support zone https://t.co/gKPwYclw75 https://t.co/Byesm0sgXn
  • Wow. If you haven't seen the Trump-connected $DWAC story this morning, pull up a 1 minute chart. This thing is not meant to handle this scale of volume...
  • USD/ZAR tests critical support after Evergrande payment boosts demand for Emerging Market (EM) currencies. Get your market update from @Tams707 here:https://t.co/E5BzrAGCzg https://t.co/fpPhFlyUHY
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: 2.50% Gold: 1.61% Oil - US Crude: 0.80% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/VAeAev930K
  • $SNAP's open is as bad as the afterhours, post-earnings activity suggested. Interestingly, this -21.8% gap lower on the open is only the second most severe plunge in its short, four-and-a-half year trading history https://t.co/KNddJX97PC

Dollar Tumbles Except Against Yen, What Could Save the USD?

The Dow Jones FXCM Dollar Index (ticker: USDOLLAR) rallied for the third-consecutive week driven by Japanese Yen weakness, but sharpgains in the US S&P 500 meant that the safe-haven Greenback fell sharply against the Euro and other risk-friendly counterparts.

Euro Stimulus Withdrawal Rally Vulnerable to Risk Trends, ECB

Despite a conspicuous string of disconcerting headlines and economic releases, the euro put in for the best performance amongst the FX benchmarks this past week. After six consecutive months of rally, when will this pair show some exhaustion?

Japanese Yen at Risk for More Losses Ahead of BoJ - Remains Oversold

The Japanese Yen continued to weaken against its major counterparts as Prime Minister Shinzo Abe floated the idea of changing the law that governs the Bank of Japan, and the low-yielding currency remains poised to face additional headwinds.

British Pound Remains Weak – What Will BoE Offer?

The British Pound was one of the worst performing currencies this past week, only outpacing the lowly Japanese Yen by +1.34%, while losing ground to every other major currency, including the US Dollar, to which it shed -0.68% to close at 1.5693.

Gold Outlook Bearish as Fed Talks End of QE - 1626 Critical Support

Gold recouped a portion off the losses sustained last week with the previous metal advancing 0.68% this week to trade at $1670 at the close of trade in New York on Friday.

Australian Dollar at Risk of a Surprise RBA Rate Cut

The Australian Dollar may accelerate lower if a string of disappointing economic data prompts the RBA to deliver an unexpected interest rate cut.

New Zealand Dollar Outlook Hinges on Trade Data

The Kiwi Dollar's fortunes hinge on international trade reports from New Zealand's top export partners: China, Australia, the United States and the UK.

Forex_Trading_Weekly_Forecast_02.04.2013_body_weeklyforecastimg.png, Forex Trading Weekly Forecast 02.04.2013

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

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