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  • Heads Up:🇨🇭 Unemployment Rate (APR) due at 05:45 GMT (15min) Expected: 3.3% Previous: 3.4% https://www.dailyfx.com/economic-calendar#2021-05-07
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here: https://t.co/Blrl0uF2Ct https://t.co/vTQL8Xy7DA
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  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.13% 🇪🇺EUR: 0.03% 🇨🇭CHF: 0.02% 🇳🇿NZD: -0.03% 🇦🇺AUD: -0.08% 🇨🇦CAD: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/DFYLycgM4p
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  • Ahead of Friday's NFPs, the Dollar took a dive this past session which has set back a DXY inverse head and shoulders and pushed a EURUSD rising wedge. But the pair taking most advantage of the Greenback slip: $USDCAD. Watch this pair and the Dollar ahead: https://www.dailyfx.com/forex/video/daily_news_report/2021/05/07/Dollar-Break-Disarms-Bigger-Reversal-Before-NFPs-Canadian-Dollar-a-Big-Mover.html https://t.co/WiHjD9XBRI
  • The Canadian Dollar may resume its broader advance against the Japanese Yen given the less-dovish scope of the BoC compared to the BoJ now and perhaps in the long run.Get your $CAD market update from @ddubrovskyFX here:https://t.co/LjuvBh7pL3 https://t.co/ItAq5lCrLj
  • 🇨🇳 Balance of Trade (APR) Actual: $42.85B Expected: $28.1B Previous: $13.8B https://www.dailyfx.com/economic-calendar#2021-05-07
  • Heads Up:🇨🇳 Balance of Trade (APR) due at 03:00 GMT (15min) Expected: $28.1B Previous: $13.8B https://www.dailyfx.com/economic-calendar#2021-05-07
Forex Strategy Video: Is the Taper Priced in for the Dollar, Equities?

Forex Strategy Video: Is the Taper Priced in for the Dollar, Equities?

John Kicklighter, Chief Strategist

Talking Points:

• The FOMC rate decision is scheduled for Wednesday and there is a heavy consensus of a Taper

• Banks, economists and the markets themselves have moved to price in a reduction in QE this month

• One market stands out for its lack of expected adjustment - the S&P 500 (a benchmark for risk)

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

The market eagerly awaits the FOMC rate decision next week, but the event may not be as easy to trade as some may think. Significant adjustments in Treasury yields and a range of other rate-sensitive markets over the past months suggests that this significant market adjustment for the financial system may already be heavily priced in. If that is the case, volatility can be be dampened and there is even a possibility of seemingly contradictory market trends. However, there is one market that remains exceptionally exposed and unrepentant to its dependency on outside support: the S&P 500 and US equities. And, given this asset's position as an investor sentiment measure, a late but inevitable capitulation can rock the entire system.

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