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  • Heads Up:🇦🇺 Ai Group Services Index (APR) due at 22:30 GMT (15min) Previous: 58.7 https://www.dailyfx.com/economic-calendar#2021-05-06
  • The US Dollar is still struggling against most ASEAN currencies. USD/SGD remains downside-focused despite recent gains. USD/THB is eyeing a triangle. USD/IDR and USD/PHP may point lower. Get your market update from @ddubrovskyFX here:https://t.co/6Nvvmz8h6d https://t.co/dX69A341oc
  • US Dollar Outlook: USD/CAD Volatility to Rise, Jobs Data Looms -via @DailyFX Link to Full Analysis: https://www.dailyfx.com/forex/fundamental/us_dollar_index/usd_trading_today/2021/05/06/us-dollar-outlook-usd-cad-volatility-to-rise-jobs-data-looms.html #NFP $DXY $USDCAD https://t.co/OIYZ2YXxLK
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  • The Federal Reserve discussed the vulnerability of asset prices should appetite change. Get your market update here: https://t.co/0nAEKEX1eh https://t.co/BD24UcDeyT
  • EUR/USD stronger amid broad USD weakness on Thursday $EURUSD https://t.co/h042KoSyuA
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.98% 🇨🇭CHF: 0.60% 🇦🇺AUD: 0.49% 🇳🇿NZD: 0.26% 🇯🇵JPY: 0.11% 🇬🇧GBP: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/4u2cNfSmLn
  • RT @BrendanFaganFx: Federal Reserve Hints at Potential Declines in Asset Prices, Calls for Hedge Fund Transparency #Fed #FederalReserve #F…
  • Both EUR/JPY and EUR/USD are hovering near multi-year downtrend downtrends, while EUR/GBP may still have more room to the topside. Get your $EUR market update from @CVecchioFX here:https://t.co/2SYCKwz8hz https://t.co/tj6UQUDzRL
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 3.18% Gold: 1.61% Oil - US Crude: 0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/mo9LS3teJl
Video: Growth, Earnings and Credit Matter for Market Trends

Video: Growth, Earnings and Credit Matter for Market Trends

John Kicklighter, Chief Strategist

Talking Points:

  • Fundamentals may not provide immediate satisfaction for volatility, they generally do set trends
  • Global GDP and US earnings are painting a tempered view of potential and performance moving forward
  • The IMF's World Economic Report will offer a quantitative view where qualitative inference has afforded complacency

Having trouble trading in the FX markets? This may be why.

While I prefer to follow practical capital drivers that can often dispute traditional fundamentals, the basic global economic factors are still crucial to price development. Volatility and even trends can be distorted by expectations, relativism and general 'animal spirits'; but the underlying fundamentals eventually take hold. With the IMF's semi-annual World Economic Outlook (WEO) due in the upcoming session, we will see an important outlook for the world economy. While this infrequent update hasn't always delivered the most dramatic flush of volatility to sate the short-term traders' appetites, it has shaped general market conditions and set the course for deeper trends. We look at the influence that traditional GDP, earnings and other fundamentals can have on market activity along with the key trends they implicate 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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