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  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.70% Gold: -0.39% Silver: -0.77% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/bkkaIuBhqz
  • Ten-Year US Treasury yields breaking out above 165-basis points following notably hotter-than-expected inflation data this morning. Headline and core CPI both topped market forecast with readings of 4.2% and 3.0%, respectively. I previewed this scenario yesterday on @tradingview. https://t.co/Fgc0RZe2nw https://t.co/VHmkcuJm9p
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  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.86%, while traders in GBP/USD are at opposite extremes with 68.99%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/hu9IfBFkzq
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.48% Gold: -0.31% Silver: -0.52% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/WOwgbEuZec
  • Heads Up:🇧🇷 Business Confidence (MAY) due at 14:00 GMT (15min) Previous: 53.7 https://www.dailyfx.com/economic-calendar#2021-05-12
  • Mid-Week Strategy webinar begins right now and there's some vol to work with https://www.dailyfx.com/webinars/140187219 Topics: 1) Big inflation beat, USD gives back gains 2) EUR/USD jumping right back into resistance zone after CPI release 3) Gold - bull flag remains in-play Let's go
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.76% Germany 30: 0.26% France 40: 0.18% Wall Street: -0.40% US 500: -0.75% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/RqkV6znl1S
  • US inflation (April) is expected to jump to 3.6% y/y. USD41 billion 10-year USTs hit the street later in the session. Get your market update from @nickcawley1 here:https://t.co/jbDHCCgwME https://t.co/gsJqv03UDs
Strategy Video: The Process of Trend Reversals

Strategy Video: The Process of Trend Reversals

John Kicklighter, Chief Strategist

Talking Points:

• Trend reversals look a lot like temporary corrections in their opening stage

• Lasting market turns rarely happen as 'V'-bottoms or tops, so it is important to weigh probabilities

• We discuss using technicals, fundamentals and market conditions to gauge trends on SPX, USD, EUR and JPY

Want to develop a more in-depth knowledge on the market and strategies? Check out the DailyFX Trading Guides we have produced on a range of topics.

One of the most common questions coming from traders, analysts and the media is whether we have seen a genuine trend reversal or simply a temporary correction. Which asset, market, theme does this refer to? Risk trends, the S&P 500, EURUSD, Yen crosses, the Dollar and numerous others are being faced with this dilemma. Determining whether we have a temporary retreat or lasting turn dramatically alters the way we approach and trade the markets. So, in the weekend Strategy Video; we discuss the process of trend reversals along with ways to assess probability though technical, fundamental and market condition analysis.

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

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

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