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  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here:https://t.co/1oygcFMFNs https://t.co/d9EmTOHyTv
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  • ...even more incredible is net speculative futures positioning in $EURUSD, rounding off from a record net long position...and it hasn't even cleared 1.20... https://t.co/SfyYTMTT1x
  • Net speculative futures positioning in the Dollar (here overlaid with the $DXY) has pushed to extreme levels commensurate to the levels in Oct 2017 and April 2018 https://t.co/JqHGgVUCqc
  • The $SPX closed below the 50-day moving average Friday. The first time it has done so in 103 trading days. The 'technical' end of an exceptional run: https://t.co/HUn5Q6JmlK
  • Despite recent weakness in the #SP500, the growth-linked New Zealand Dollar has been gaining momentum ahead of the #RBNZ next week Could this trend continue, or will $NZDUSD capitulate to the mercy of risk trends? Check out my fundamental outlook - https://www.dailyfx.com/forex/fundamental/forecast/weekly/nzd/2020/09/19/New-Zealand-Dollar-Outlook-NZDUSD-May-Rise-on-RBNZ-Watch-SP-500.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/34vcR4fjpT
Weekly Forex Trading Forecast: A Week of Risk-Based Breakouts or a Dramatic USD Recovery?

Weekly Forex Trading Forecast: A Week of Risk-Based Breakouts or a Dramatic USD Recovery?

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US Dollar Forecast – US Dollar Set to Fall Further as S&P 500 Surges. What Could Change?

The Dow Jones FXCM Dollar Index (ticker: USDOLLAR) fell for 10 consecutive trading days and finished at multi-month lows on a wave of mediocre US economic data and a sharp rally in global equity markets. Can it continue to fall in the week ahead?

Euro Forecast - Resilient Euro Needs a Spark as Gains Limited to Dollar, Yen

The Euro slipped midweek, but was able to finish the week strong versus the US Dollar, just short of $1.3700. Policymakers continue to complain about the threat of deflation even though growth is rebounding.

British Pound Forecast – British Pound Eyes 1.6800+ on BoE Policy- Still Favor ‘Buying Dips’

The British Pound rallied to a fresh yearly high of 1.6722 following the Bank of England (BoE) Inflation Report, and the GBPUSD may press higher next week should the fundamental developments coming out of the U.K. highlight a stronger recovery for 2014.

Japanese Yen Forecast – Japanese Yen to Swing from Quiet to Volatility on Risk, GDP and BoJ

Given the incredible momentum behind the S&P 500 (as a risk gauge) and persistent tumble from the US Dollar (as a safe haven) this past week, we would assume that the Yen crosses would be hurtling higher on carry appetite.

Australian Dollar Forecast – Australian Dollar Vulnerable as Risk Sentiment Sours Anew

The Australian Dollar is vulnerable to renewed selling as risk sentiment sours anew after a sharp retracement of the knee-jerk selloff driven by emerging market jitters.

Gold Forecast – Bullish Gold Bias Favored on USD Weakness- $1270 Now Key Support

Gold prices surged this week with the precious metal advancing more than 4% to trade at $1319 at the New York close on Friday.

Weekly_Forex_Trading_Forecast_A_Week_of_Risk-Based_Breakouts_or_a_Dramatic_USD_Recovery_body_Picture_1.png, Weekly Forex Trading Forecast: A Week of Risk-Based Breakouts or a Dramatic USD Recovery?

How does a Currency War affect your FX trading?

Written by the DailyFX Research Team. To sign up for a weekly e-mail with our currency outlooks, go to our page for forex news delivered to your inbox.

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

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