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  • I expect leaders to be cheerleaders for their economies, but President Trump saying the US recovery is "better than a 'V' - it's a rocket ship" definitely raises the bar for me
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.97% 🇳🇿NZD: 0.64% 🇨🇦CAD: 0.56% 🇪🇺EUR: -0.23% 🇯🇵JPY: -0.56% 🇨🇭CHF: -0.76% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/lmPKxB1EzP
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  • Trump says his views on trade deal with China have changed - BBG
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 4.29% Gold: -1.98% Silver: -2.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/8aR4gEMvpN
  • The Nasdaq ($NDX) has advanced along with most of its peers after the NFPs surprise, but it is notably lagging the enthusiasm of the Dow's and SPX's gap higher. Here is NDX overlaid with the NDX to SPX ratio in red https://t.co/MDxyPr0YAf
  • The Dow enjoyed its biggest bullish gap higher on the open since April 7th. A statement clearing the 200-day moving average. NFPs is back as a market mover https://t.co/DzE0h8AV5B
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.19%, while traders in US 500 are at opposite extremes with 73.28%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/BRIkHghn5j
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 4.31% Gold: -1.86% Silver: -2.24% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/LFsykmg4W9
  • Heads Up:🇨🇦 Ivey PMI s.a due at 14:00 GMT (15min) Previous: 22.8 https://www.dailyfx.com/economic-calendar#2020-06-05
Forecast: Will Dollar and Equity Declines Evolve into Reversals?

Forecast: Will Dollar and Equity Declines Evolve into Reversals?

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The Dollar suffered its second worst week in a year and the S&P 500 tumbled after coming up short for a record high. Does something bigger await us ahead?

US Dollar Forecast– Dollar Stumbles but will it Fall as Markets Debate Fed Hikes?

The Dow Jones FXCM Dollar Index (ticker = USDollar) dropped 1.1 percent this past week while the ICE Dollar Index tumbled 1.8 percent.

Euro Forecast - EUR/USD Appeal Due to Covering Potential, Not Yield Prospects

As yields fall further in the Euro-Zone, traders have dismissed concerns of the ECB tapering its QE program, pricing in the first rate move not until December 2019 at the earliest.

Japanese Yen Forecast – Japanese Yen Likely to test Major Levels on Key Week Ahead

The fundamental event risks lined up for the final full-week of April may heighten the appeal of the Yen and spark a further decline in USD/JPY as the Japanese economy gets on a firmer footing.

British Pound Forecast – British Pound Forecast to Trade Higher on Fundamental Strength

Impressive UK employment data helped push the British Pound sharply higher versus the US Dollar and other major counterparts, and the recent reversal in fortunes leaves us in favor of continued GBP gains through the foreseeable future.

Australian Dollar Forecast – Australian Dollar to Weigh 1Q CPI, China PMI as RBA Bets Evolve

The Australian Dollar is looking to first-quarter CPI data to support fading rate cut bets but soft Chinese news-flow may cap the currency’s upside potential.

Gold Forecast – 1173 Key Support in Focus as Gold Preserves Monthly Opening Range

Gold prices are softer for a second consecutive week with the precious metal off nearly 0.27% to trade at $1204 ahead of the New York close on Friday.

Forecast: Will Dollar and Equity Declines Evolve into Reversals?

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