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  • Looks like this will be a down week for #wallstreet. #SP500 is about 1% lower over the past 5 trading days. This is as the #Fed's balance sheet declined about -0.26% to $4.172t from $4.183t. These down days may become more often as the central bank slows the pace of #repos https://t.co/4UX3HRpDZZ
  • The impressive February (and 2020) charge by the $DXY Dollar Index has earned a proportionally substantial pullback with the biggest single day drop since Aug 23 https://t.co/GmPVKZmb3q
  • 🇺🇸 USD Baker Hughes U.S. Rig Count (FEB 21), Actual: 791 Expected: 787 Previous: 790 https://www.dailyfx.com/economic-calendar#2020-02-21
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.95%, while traders in USD/CAD are at opposite extremes with 75.22%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/A8nEuBiTbx
  • Heads Up:🇺🇸 USD Baker Hughes U.S. Rig Count (FEB 21) due at 18:00 GMT (15min), Actual: N/A Expected: N/A Previous: 790 https://www.dailyfx.com/economic-calendar#2020-02-21
  • Kind of indistinguishable at this point. https://t.co/9RqIR2V9Kg
  • #ICYMI 🤷‍♂️ https://t.co/1itQc4XBSi
  • Its monthly PMI report printed 49.4 for the services sector, missing expectations of 53.4. Manufacturing slowed for February, coming in at 50.8 versus expectations of 51.5. Get your market update from @FxWestwater here: https://t.co/woXvXX1uqq https://t.co/pFp8MAj52O
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Gold: 1.46% Silver: 1.01% Oil - US Crude: -1.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/2YDRzkhh2r
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.70% 🇪🇺EUR: 0.69% 🇨🇭CHF: 0.61% 🇯🇵JPY: 0.34% 🇦🇺AUD: 0.32% 🇳🇿NZD: 0.29% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/ERmoJN8HUS
Weekly Technical Forecast: Will the Dow’s Rebound Last While Gold Extends its Incredible Run?

Weekly Technical Forecast: Will the Dow’s Rebound Last While Gold Extends its Incredible Run?

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We are facing a conflict of headline-charged volatility against the seasonal assumptions of fading liquidity. The level of expected activity will play a critical role in what kind of moves we should expect from the key players in the FX, indices and commodity market. Can the Dow sustain its bounce if volatility remains high? Will gold continue its run to six year highs if it doesn’t?

Weekly Crude Oil Technical Outlook: Tough Road Ahead

Oil has been quite weak and while a bounce may continue in the very near-term the path of least resistance is likely to remain lower.

DXY Weekly Price Outlook: Is the Reign of King Dollar Over?

Is the US Dollar reversal from key uptrend resistance just a pullback or the start of something more ominous? Here are the levels that matter on the DXY weekly chart.

Australian Dollar Outlook in USD, CAD. Canadian Dollar May Gain?

The Australian Dollar is at risk to the US Dollar as AUD/USD upside progress lacks technical confirmation. The Canadian Dollar may gain as AUD/CAD faces near-term bearish signals.

Gold Prices Charge Multi-Year Highs, Ignore Contrarian Sentiment Signals

There is good reason to doubt many of the tentative trends developing across the financial system in ‘risk’ assets or Dollar pairs as conviction is uneven. But what about Gold trading at multi-year highs?

Currency Performance Chart SPX,Gold,Oil,DXY Price Chart

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DXY- Red

Gold- Yellow

Oil- Black

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