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  • Retail trader signals still hint that the Dow Jones and S&P 500 may be at risk, placing the focus on year-long rising trendlines to see if dominant upside biases hold.Get your market update from @ddubrovskyFX here:https://t.co/lFpzIFNmzW https://t.co/2rHKbiByuR
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  • 🇦🇺 Balance of Trade (JAN) Actual: A$10.142B Expected: A$6.5B Previous: A$7.133B https://www.dailyfx.com/economic-calendar#2021-03-04
  • 🇦🇺 Retail Sales MoM Final (JAN) Actual: 0.5% Expected: 0.6% Previous: -4.1% https://www.dailyfx.com/economic-calendar#2021-03-04
  • 🇦🇺 Balance of Trade (JAN) Actual: A$10.142B Expected: A$6.5B Previous: A$6.785B https://www.dailyfx.com/economic-calendar#2021-03-04
  • The path for the Japanese Yen seems to favor the downside looking at a majors-based index. USD/JPY may rise within its Ascending Channel, but there is some scope for a healthy correction. Get your market update from @ddubrovskyFX here:https://t.co/7XFJiCYYEM https://t.co/sSMeHIti1B
  • Heads Up:🇦🇺 Balance of Trade (JAN) due at 00:30 GMT (15min) Expected: A$6.5B Previous: A$6.785B https://www.dailyfx.com/economic-calendar#2021-03-04
  • Heads Up:🇦🇺 Retail Sales MoM Final (JAN) due at 00:30 GMT (15min) Expected: 0.6% Previous: -4.1% https://www.dailyfx.com/economic-calendar#2021-03-04
  • RT @FxWestwater: Australian Dollar Outlook: $AUDUSD, $AUDNZD at Key Levels as Trade Data Looms Link: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2021/03/04/Australian-Dollar-Outlook-AUDUSD-AUDNZD-at-Key-Levels-as-Trade-Data-Looms.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co/…
  • 🇯🇵 Foreign Bond Investment (27/FEB) Actual: ¥-1719B Previous: ¥-1888.7B https://www.dailyfx.com/economic-calendar#2021-03-03
Fed, BoJ and Cyprus Keep EUR/USD, EUR/GBP, USD/JPY in Play

Fed, BoJ and Cyprus Keep EUR/USD, EUR/GBP, USD/JPY in Play

John Kicklighter, Chief Strategist

While risk trends weren't unmoored by a wave of event risk that included a Fed rate decision, UK call for more BoE stimulus and Cyprus hand-wringing; the fundamental backdrop is considerably more volatile. For those looking for immediate satisfaction - like myself - in short-term volatility, the FOMC rate decision both placed a cap on activity before its release and Chairman Bernanke's evasion of QE exit questions left the fuse for fear unlit for another day. However, the mix between investor sentiment and competitive stimulus as catalysts leave these markets extremely combustible. In today's video, we discuss the importance of the Fed's bearings, the unresolved tension in Cyprus, the stimulus outlook for the UK and the dormant dragon in the Bank of Japan - as well as the trade opportunities behind all of these themes.

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