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  • 🇺🇸 Wholesale Inventories MoM (MAR) Actual: 1.3% Expected: 1.4% Previous: 0.9% https://www.dailyfx.com/economic-calendar#2021-05-07
  • 🇨🇦 Ivey PMI s.a (APR) Actual: 60.6 Previous: 72.9 https://www.dailyfx.com/economic-calendar#2021-05-07
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.16%, while traders in Wall Street are at opposite extremes with 73.93%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/EiAO8cJJtm
  • even an encouraging sign for $Silver here broke above resistance yday. has pulled back to find some support at that zone 27-27.23 not the same bullish flare as $gold but, encouraging nonetheless https://t.co/94XYUYtyar https://t.co/Afw32QInwm
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Gold: 1.12% Silver: 0.57% Oil - US Crude: 0.51% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/cqFJXCaNDo
  • $Gold even the pullbacks have been clean, another fresh high post #NFP https://t.co/9lkpkPJrGi https://t.co/c0uUw8gK05
  • Heads Up:🇺🇸 Wholesale Inventories MoM (MAR) due at 14:00 GMT (15min) Expected: 1.4% Previous: 0.9% https://www.dailyfx.com/economic-calendar#2021-05-07
  • Heads Up:🇨🇦 Ivey PMI s.a (APR) due at 14:00 GMT (15min) Previous: 72.9 https://www.dailyfx.com/economic-calendar#2021-05-07
  • USD/CAD price action pivoted nearly 30-pips lower in response to the latest employment data. Get your $USDCAD market update from @RichDvorakFX here:https://t.co/AI9EdEY8pL https://t.co/Rfs0owYs9U
  • Gold is jumping again today and briefly tested its 200-day simple moving average before turning lower Despite the quick retracement, the gold price chart is starting to look encouraging https://t.co/Dvd4H9vQEs
Weekly Trading Forecast: Dow Versus Gold Bull Trends Amid Trade War, Recession Fears

Weekly Trading Forecast: Dow Versus Gold Bull Trends Amid Trade War, Recession Fears

David Song, Dimitri Zabelin, Ilya Spivak, David Cottle, Peter Hanks,

Gold Prices Target 2019 High as Fed Sets Course to Cut Interest Rates

Fresh data prints coming out of the US may do little to curb gold prices as the Federal Reserve appears to be on a preset course to reduce the benchmark interest rate.

Crude Oil Prices May Oscillate Between Iran Risks, China GDP

Crude oil prices may find themselves oscillating between political risk in Iran and weak economic data, which might create selling pressure in the cycle-linked commodity.

Australian Dollar Faces Busy Week, But Probably No Game Changer

From RBA minutes through to employment data and Chinese growth numbers, this won’t be a quiet time for Australian Dollar watchers.

Dow Jones, Nasdaq 100, S&P 500, DAX 30 Fundamental Forecast

Earnings season has arrived, and the Dow Jones, Nasdaq 100 and S&P 500 will pay close attention the country’s largest stocks and their quarterly performances.

US Dollar May Rise as Worried Markets Search For Safe Harbor

The US Dollar may rise as investors’ focus shifts from the likelihood of Fed rate cuts to the reasons for them, souring sentiment and boosting demand for haven assets.

Weekly Trading Forecast: Dow Versus Gold Bull Trends Amid Trade War, Recession FearsSPX

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

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