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  • The US Dollar plummeted on the heels of NFP with an outside-weekly reversal risking further May losses. Here are the levels that matter on the $DXY charts. Get your market update from @MBForex here: https://t.co/62p4Gd5E2c https://t.co/S6FwI8x3uK
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  • The Dollar's tumble this past week was an abrupt one. We'll see if inflation pressures trigger a shift in risk and rate expectations in the US which could turn the USD's bearings. Meanwhile, a pair I haven't highlighted ... https://t.co/yXl1aoOlIy https://t.co/TWV7tqv2y8
  • $DOGEUSD's daily range post Elon SNL spot is 0.2900. That may not sound like a lot but the current spot rate is ~ 0.5600. The lower wick (reversal from Sunday's low) is a 35% recovery from the low. A speculator's market, not an investor's. https://t.co/hAjg8YO7xA
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  • Last week ended well for $EURUSD, with Friday’s shockingly poor US jobs data giving it a lift, and this week could well see its advance extend if it can break conclusively above resistance at 1.2150. Get your market update from @MartinSEssex here: https://t.co/EFPGUI8Uxc https://t.co/LZA6oXsmJO
  • $GBPUSD broke higher from a Symmetrical Triangle pattern late last week. Meanwhile, $EURGBP remains largely rangebound. Get your market update from @FxWestwater here: https://t.co/hnjGCww0ET https://t.co/0LcIv5Yudg
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here: https://t.co/vg7w10la3j https://t.co/0gwSneZjOL
Video: Dollar Recovery Effort Questioned, Pound Ready for Key Data

Video: Dollar Recovery Effort Questioned, Pound Ready for Key Data

John Kicklighter, Chief Strategist

Talking Points:

• The dominant trends have not changed over the past week: risk trends dubious and mon pol is pulling back

• A rebound from the USDollar to start the week tests the dominant monetary policy current

• Ahead, key event risk from the Eurozone and UK will lead to different responses from the GBP and EUR

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Record highs in US equities, a retreat from the Dollar and rebound from the Euro opened the new trading week. These are now familiar short-term trends...and they extend a sense of skepticism that has tracked these moves out each step of the way. Risk trends and monetary policy remain the key themes the financial system is working with. Speculative appetite has not recommitted itself to the blind reach for yield that was the hallmark of past years. There remains greater skepticism even if the S&P 500 has broached new highs. Meanwhile, a correction of 10 months of monetary policy trend is still carry a much more transient period of Dollar retreat and Euro rebound. We look at these themes and short-term volatility events on upcoming event risk in today's Trading 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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