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  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here: https://t.co/nAa0fHHGbZ https://t.co/Bnih4YvTdg
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  • (Weekly Fundy) Crude Oil May Rise as Covid Case Growth Slows. WTI Eyes OPEC Outlook, Evergrande #CrudeOil #WTI #OPEC #Evergrande https://www.dailyfx.com/forex/fundamental/forecast/weekly/title/2021/09/26/Crude-Oil-May-Rise-as-Covid-Case-Growth-Slows-WTI-Eyes-OPEC-Outlook-Evergrande.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/76e2aGf3p0
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  • We are heading into the final trading days for the month of September and event risk thins out amid the $SPX's rebound. This is what history says for the 39th week of the year and here is my take on the variable factors: https://www.dailyfx.com/forex/video/daily_news_report/2021/09/25/SP-500-and-Dollar-Have-Different-Views-for-Last-Week-of-September.html https://t.co/4OBVmrvI7I
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  • $EURUSD https://t.co/KZyXX6p2oI
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Find out about the recent history of ISM data, how to track it, and how to trade its release here: https://t.co/MZtBh8pYG3 https://t.co/1zNf5dpDjU
  • 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/z8z6BNudn5
  • #PELOSI SAYS WE ARE GOING TO PASS THE INFRASTRUCTURE BILL THIS WEEK PELOSI SAYS SHE WILL NEVER BRING TO THE HOUSE FLOOR A BILL THAT DOESN'T HAVE THE VOTES TO PASS $USD $SPX $XAUUSD
High Probability Breakout Trading in Forex 12.5

High Probability Breakout Trading in Forex 12.5

Jeremy Wagner, CEWA-M, Head of Education

Summary: Learn the benefits of a forex trading strategy called breakouts. Identify the 2 key components which make breakouts higher probability using forex technical analysis.

Head Trading Instructor Jeremy Wagner discusses:

*Benefits of a breakout strategy

*Why December is historically tough for breakouts

*Which market conditions tend to perform better with breakouts

*Technical levels to watch on EURJPY, EURGBP, EURNZD, GBPUSD

This week, we focused on GBP strength and how I would not want to sell GBP. USDJPY is near significant resistance and may drag JPY pairs lower in the coming weeks. Stick to strong trends to trade the breakouts.

In the webinar, I referenced the EURJPY and technical points suggesting we are getting close to a top in price.

Learn Forex: EUR/JPY Largest Mover for Past 10 Days

Next webinars:

*Monday December 10 @ 9:30a ET (14:30 GMT) for US Opening Bell inside DailyFX Plus LIVE Classroom(available only for live FXCM account holders)

*Wednesday December 12 @ 12:00p ET (17:00 GMT) for Breakout Trading inside the DailyFX.com Live Trading Room.

---Written by Jeremy Wagner, Head Trading Instructor, DailyFX Education

Follow me on Twitter at @JWagnerFXTrader.To be added to Jeremy’s e-mail distribution list, click HERE and enter in your email information.

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