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  • The $NZD may be on the verge of overturning its dominant downtrend against the Canadian Dollar. Will NZD/CAD confirm an upside breakout on a more-dovish BoC? Get your market update from @ddubrovskyFX here:https://t.co/aelpMQcLri https://t.co/6VhrHKvBLT
  • The $USD may be set to rise against the Mexican Peso after breaking chart resistance. Stalled passage of the USMCA trade pact may offer fundamental fuel for gains. Get your market update from @IlyaSpivak here:https://t.co/TzhmEoFjuY https://t.co/pXykmgTddJ
  • $USDCAD Daily Pivot Points: S3: 1.3079 S2: 1.3161 S1: 1.3215 R1: 1.3297 R2: 1.3326 R3: 1.3409 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
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  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.03% 🇯🇵JPY: -0.02% 🇦🇺AUD: -0.04% 🇪🇺EUR: -0.36% 🇨🇭CHF: -0.43% 🇬🇧GBP: -0.59% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/yfcHpARHwH
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  • What is a doji morning star candlestick? How can you use it in your #tradingstrategy? Find out from @RichardSnowFX here: https://t.co/w7Y4qj2Qkm https://t.co/UloZ649bnI
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  • Perhaps the most provocative FX-based speculative futures positioning picture for me though is gulf between $USDMXN and the net spec bearing https://t.co/MOXb4S7KKQ
  • $NZDUSD is another interesting backdrop for futures speculators. Slowly rounding up from its extreme net short just as the underlying climbs up from a decade low https://t.co/3tElrXI0r2
Weekly Trading Forecast: Can USD and S&P 500 Maintain Their Bull Trends?

Weekly Trading Forecast: Can USD and S&P 500 Maintain Their Bull Trends?

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US Dollar On the Verge of Serious Reversal – But Can it Make the Turn?

It was a week of contrasts. Through Friday’s close, the S&P 500 surged to a record high. Yet, at the same time as this ‘risk’ benchmark made its move higher, the traditional safe haven US Dollar strong-armed a bullish reversal.

Euro Subject to Grinding Conditions as ECB Overshadows Traders

With respect to the Euro, we are looking to sell rallies and cover excessive dips; the ECB has disappointed with action previously, and a lack of a mini-‘bazooka’ could very-well see the Euro scream back towards its yearly highs.

USD/JPY Bearish Setup to Take Shape on Japan CPI, Dismal U.S. 1Q GDP

The USD/JPY pared the decline following the Bank of Japan (BoJ) interest rate decision, with the pair working its way back towards former support (101.80-102.00), but the economic developments due out next week may instill a more bearish outlook for the dollar-yen should the data prints spark a greater deviation in the policy outlook.

Gold Breakout Imminent – Will US GDP Be the Trigger?

Gold prices are virtually unchanged on the week with prices off by a mere 0.1% to trade at $1291 ahead of the New York close on Friday.

Australia Dollar Vulnerable to Deeper Losses on Fed Policy Bets

The Australian Dollar is expected to continue lower after dropping the most in four months last week as markets come to terms with the looming end of Fed QE

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Weekly Trading Forecast: Can USD and S&P 500 Maintain Their Bull Trends?

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