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  • We are going to start the new trading week with a few critical technical breaks like the $QQQ's (NDX) H&S neckline break on volume and EURUSD's clearance below 1.1950. Are these the makings of trends? My take: https://www.dailyfx.com/forex/video/daily_news_report/2021/03/06/EURUSD-and-Nasdaq-100-to-Start-Week-with-Multi-Month-Breakdown.html https://t.co/iR5w7iDkDU
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  • 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/xeidoj2K9f
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here: https://t.co/yOUVEEqhc5 https://t.co/1rhLp4LnfN
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  • The US Dollar is moving higher after a blowout NFP report bolstered confidence in the US economic recovery. Markets will now turn attention to next week’s US inflation data which could boost the Greenback. Get your market alert from @FxWestwater here: https://t.co/Ud62r3hKRF https://t.co/dvvDCJvlbP
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/Yl9vM7kO6a https://t.co/7g9pB8D9xK
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sIHrP https://t.co/OCLzmXaDCu
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Strategy Video: Can NFPs Reinforce a Change in Volatility, Market Trend?

Strategy Video: Can NFPs Reinforce a Change in Volatility, Market Trend?

John Kicklighter, Chief Strategist

Talking Points:

• We have seen the first market-wide volatility event in 6 months - and only the fourth in 3 years

• The S&P 500 dropped 2 percent, high-yield assets tumbled and volatility measures surged higher

• Initiating a true change in market bearing requires conviction, and the NFPs can help feed it

Expect breakouts? Use the DailyFX Breakout 2 strategy to signal or confirm setups!

We have seen the first, serious market-wide run on speculative positioning in six months. A drop for global equities, high-yield assets tumble, dollar rally and volatility measure surge marks a critical next step towards a more systemic change in sentiment. We have been here before however. This is the fourth 'shock' to the system since the beginning of 2012. In the previous iterations, the jolt was substantial but short-lived. To tip such a mature trend - even one as steeped in skepticism and fundamental doubt as this one - the market needs to be forced. With an important NFPs and inflation figure due today, perhaps that is possible. We look at burgeoning opportunity and its trade potential in today's Strategy 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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