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  • While the US Dollar has been holding its ground, its downside bias against the Singapore Dollar, New Taiwan Dollar Thai Baht and Indonesian Rupiah remains intact as it hovers at support. Get your market update from @ddubrovskyFX here:https://t.co/p7gAztWuVG https://t.co/ZbRWt3Q1zP
  • Gold price appears to hit an immediate resistance at US$ 1,870 - where the 76.8% Fibonacci retracement intercepts with the 20-Day SMA line. https://t.co/0loOBMnFSu
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  • The US Dollar may be finding a turning point against ASEAN currencies as smaller fiscal stimulus bets, soft earnings risk and Covid cases translate into some capital flight from equities. Get your #ASEAN currencies market update from @ddubrovskyFX here:https://t.co/F3uz5GHMSd https://t.co/8FdxQnP08U
  • RT @FxWestwater: Australian Dollar Forecast: Jobs Report Fails to Inspire $AUDUSD Link: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2021/01/21/AUDUSD-Uninspired-Following-Australian-Jobs-Report.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co/rI1YeoJFyL
  • The Nasdaq 100 index advanced 1.97% to an all-time high of 13,457, led by Alphabet (+5.36%), Amazon (+4.57%) and Microsoft (+3.65%). https://t.co/ALr0643lmU
  • 🇦🇺 Unemployment Rate (DEC) Actual: 6.6% Expected: 6.7% Previous: 6.8% https://www.dailyfx.com/economic-calendar#2021-01-21
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  • 🇦🇺 Unemployment Rate (DEC) Actual: 6.6 Expected: 6.7% Previous: 6.8% https://www.dailyfx.com/economic-calendar#2021-01-21
Forex Strategy Video: Trading Breakouts Like GBPUSD and EURJPY

Forex Strategy Video: Trading Breakouts Like GBPUSD and EURJPY

John Kicklighter, Chief Strategist

Talking Points:

• Breakouts are a favored trading opportunity for the speculative crowd

• Beyond a basic technical move, conviction is found in reinforcing fundamentals and market conditions

• The approach to trading breakouts can range between 'Aggressive' and 'Conservative'

Sign up for John’s email distribution list, here.

In a decisive move, the S&P 500 led US equities to a high profile bearish break. The risk aversion implications seem clear, but the fear is not yet spanning all assets and regions. Hitting a level of conviction that forces the speculative ranks to deleverage across all positions deemed 'risky' is critical for the US dollar's bearings as the benchmark currency is simultaneously dealing with a localized fiscal crisis. In today's video, we discuss the levels of risk trends; and how it presents different trading options in scenarios of sustained but moderate risk aversion (yen crosses), full scale panic (US dollar) and even a sentiment rebound (USDJPY).

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

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