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Real Time News
  • US 10yr Treasury yields have slipped back below 1.10 today, but remain notably higher compared to earlier in the pandemic $USD $IEF https://t.co/PYLCZGwPHt
  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.31% France 40: 0.30% Germany 30: 0.23% US 500: -0.25% Wall Street: -0.40% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/079WIJ3r9O
  • $EURJPY had been heading higher today, crossing above 126.20 and hitting its highest levels since last week. $EUR $JPY https://t.co/bKsWiKxRmz
  • USD/CAD trending lower has been a theme since it peaked in dramatic fashion back in March, but the downtrend may be put to the test soon as a falling wedge pattern comes to light. Get your $USDCAD market update from @PaulRobinsonFX here:https://t.co/qjobL4Uyq9 https://t.co/wgd9nZSGpj
  • US Indices remain in the red but have pared some losses as session advances into the afternoon. DOW -0.38% NDX -0.13% SPX -0.24% RUT -0.03% $DOW $QQQ $SPY $IWM
  • A bout of risk aversion sees the Australian Dollar under pressure this morning with a larger than expected drop in retail sales adding to the soft tone for the currency. Get your $AUD market update from @JMcQueenFX here:https://t.co/fCa9gCxxxk https://t.co/WaAG58Ztar
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in EUR/JPY are at opposite extremes with 64.66%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/juDA0EsIR7
  • Totally normal market behavior happening in $GME which was just halted after surging 69% in the session https://t.co/UT6RrOhZ2L
  • $EURCAD hit an intraday high just shy of 1.5500 before turning slightly downward. The pair is currently trading at its highest levels since early last week. $EUR $CAD https://t.co/Cj6Vu9Rg5L
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Gold: -0.84% Oil - US Crude: -1.40% Silver: -1.82% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/Nc1fRSiBw5
Gold Prices Stuck in Downtrend

Gold Prices Stuck in Downtrend

David Rodriguez, Head of Product
ssi_GOLD_body_Picture_18.png, Gold Prices Stuck in Downtrend

GoldForex speculators remain fairly neutral Gold prices versus the US Dollar, and relatively choppy price action leaves the year-long downtrend intact.

Trade Implications – Gold: Last week we cited a build in forex crowd selling as a key reason on why Gold may outperform versus the US Dollar, but we’ve failed to see real follow-through on positions or price. We’ll wait for further clarification in positions before staking out a stronger trading bias.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

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

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