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  • here we go, time to make this happen. webinar starting now. topics: 1) USD testing range support - can it break? 2) Gold gearing up for another run at resistance 3) USD setups for range or break scenarios in the $USD starting right now - https://t.co/dXeTMJRLJz
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.43% France 40: 0.26% FTSE 100: 0.12% US 500: -0.31% Wall Street: -0.44% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/djuoJN6hGg
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  • Gold - Fib 38.2% resistance coming under threat at $1,837/oz. after dismal ADP release. #xauusd #gold @DailyFXTeam https://www.dailyfx.com/forex/analyst_picks/todays_picks/nick_cawley/2021/08/03/Gold-Price-Boxed-in-by-Technical-Levels-Fundamental-Driver-Required-.html
  • In recent sessions, sentiment in the Canadian Dollar has been relatively soft with the commodity-linked currency weighed on by the pullback in oil prices, down 4% for the week. Get your market update from @JMcQueenFX here:https://t.co/aCqaIHHp5z https://t.co/hNEqpVHWvD
  • 🇧🇷 Markit Services PMI (JUL) Actual: 54.4 Previous: 53.9 https://www.dailyfx.com/economic-calendar#2021-08-04
  • Gold holding the post-ADP lift. - Resistance at 1830-35, which has capped upside throughout the prior month - Reminder, the link between ADP and NFP is relatively weak https://t.co/V9AvS5gMsd
  • @JStanleyFX 🎵U-g-l-y USD has no alibi🎵
  • $USD still ranging, back down to range support $DXY https://t.co/ulpUUUiWHH https://t.co/PlPrmToRmm
  • Heads Up:🇧🇷 Markit Services PMI (JUL) due at 13:00 GMT (15min) Previous: 53.9 https://www.dailyfx.com/economic-calendar#2021-08-04
Dollar, Treasuries Respond to US Data Support of QE3 Taper

Dollar, Treasuries Respond to US Data Support of QE3 Taper

John Kicklighter, Chief Strategist

We may be three weeks away from the Federal Reserve's next rate decision, but the market is clearly speculating on the hotly debated QE3 taper now. This past session, the dollar pushed higher to multi-year highs, the S&P 500 suffered a quick intraday retracement and US Treasuries plunged to 13-month lows on positive US consumer sentiment news. Why would an encouraging piece of economic data weigh US equities and bonds? Because it bolsters support for the Fed to ease back its stimulus effort. We discuss the implications of this market-wide stimulus and risk-trend move on AUDUSD, EURUSD, equities, and yen crosses amongst other setups in today's video.

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

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