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  • Use this technical analysis pattern recognition skills test to sharpen your knowledge: https://t.co/Qgz89PTxnu https://t.co/fN2mfHgpON
  • The formation of several bullish technical patterns suggests that the haven-associated Japanese Yen is at risk of further losses against the Euro and Australian Dollar. Get your market update from @DanielGMoss here:https://t.co/qxQwHgD9Ey https://t.co/ym73tgtHLn
  • Natural gas is moving lower after weather models pointed to warmer-than-average temperatures across much of the US. Get your market update from @FxWestwater here:https://t.co/HuXPXu5PFU https://t.co/ytHqOoHnxQ
  • Gold and silver prices may continue to rise in the coming months on the back of falling real rates of return and the prospect of additional fiscal support under a Biden administration. Get your market update from @DanielGMoss here:https://t.co/OMNoNHn2vZ https://t.co/155l4SQU6P
  • Will the Swiss Franc find reprieve after recent losses against the Canadian and New Zealand Dollars as NZD/CHF and CAD/CHF uptrends face key chart barriers? Find out from @FxWestwater here:https://t.co/c89gcaNhTt https://t.co/vkLRsG8KEn
  • The Australian Dollar may be at risk of losses against the New Zealand Dollar after an unexpectedly high NZ inflation reading sent AUD/NZD towards challenging short-term rising trend support. Get your $AUD market update from @ddubrovskyFX here:https://t.co/JoaUMTv80S https://t.co/Hl4I8Gl7Ez
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here: https://t.co/mfwJ0sZLTs https://t.co/6lPNDoWZAw
  • The gold price rebound keeps XAU/USD within the confines of the August downtrend. From a trading standpoint. Get your $XAUUSD market update from @MBForex here:https://t.co/B3Jct6mIBD https://t.co/gHAtO2jcrp
  • Gold recovered from a steep sell-off this morning to finish the day just lightly lower $XAU $USD https://t.co/lkcyL8gts9
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.05% 🇨🇭CHF: 0.01% 🇯🇵JPY: -0.25% 🇳🇿NZD: -0.55% 🇦🇺AUD: -0.64% 🇨🇦CAD: -0.75% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/UVTYrLMwRS
Dollar At Support Without Spark Like FOMC to Decide Rebound/Break

Dollar At Support Without Spark Like FOMC to Decide Rebound/Break

John Kicklighter, Chief Strategist

Talking Points:

USDollar has intensified the pressure on bull trend's floor, but no deciding fundamental catalyst in sight

• Risk rebound uneven with Yen crosses behind the pace set by global equities

• Commodities extend market-pacing rally with oil, gold and copper setting different rates of growth

What are the Traits of Successful Traders? See what our studies have found to be the most common pitfalls of retail FX traders.

We kicked off Monday with the same trends that shaped the market's course the week before. Risk appetite extended its buoyancy with an increasingly divergent pace of climb. Where commodities were still setting the pace, equities were struggling for momentum, Emerging Market assets were mixed and Yen crosses were notably struggling. Momentum is a key ingredient to the drive of general risk appetite, so its absence strikes a cord for those willing to jump on the tempting speculative rebound. Sentiment is perhaps only slightly more active a driver than relative monetary policy for the FX market. There are key central bank decisions due over the next two weeks - ECB, Fed, BoJ, SNB, RBNZ, BoC - but speculation is already stretched for those that are seen debating their next move. We discuss what the key technical levels against cooling themes and non-critical event risk means for trading ahead in today's Trading Video.

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