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  • Long $USDCNH was one of my favorite setups for the 2nd quarter btw. I maintain, I like the fundamentals; but the greenback's recent battering needs to relent before this can perform
  • The Dollar's tumble this past week was an abrupt one. We'll see if inflation pressures trigger a shift in risk and rate expectations in the US which could turn the USD's bearings. Meanwhile, a pair I haven't highlighted ... https://t.co/yXl1aoOlIy https://t.co/TWV7tqv2y8
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  • What are some factors driving AUD? Get your free forecast for this quarter here:https://t.co/z85CIVYiuK #DailyFXGuides https://t.co/ZhVyZvw5Ii
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  • $GBPUSD broke higher from a Symmetrical Triangle pattern late last week. Meanwhile, $EURGBP remains largely rangebound. Get your market update from @FxWestwater here: https://t.co/hnjGCww0ET https://t.co/0LcIv5Yudg
  • 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/0gwSneZjOL
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  • 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/K1F3QlB8ik
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here: https://t.co/QszmdZFxlk https://t.co/cXImPrjl8x
Forex Strategy Video: What the Taper Means for the Dollar

Forex Strategy Video: What the Taper Means for the Dollar

John Kicklighter, Chief Strategist

Talking Points:

• While the $10 billion Taper isn't the end of US stimulus, it is a meaningful change in tack

• We have seen similar changes for the ECB and BoE leverage significant runs for the euro and pound

• With the Fed applying the break, no where does the contrast look so great than with USDJPY

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The Fed's first move towards Tapering carries with it many implications for the markets and the dollar. Yet, from a big picture view, this change of tack can significantly bolster the greenback's appeal. Just as the Euro has advanced on the back of its balance sheet reduction on LTRO repayments and the British pound has rallied the past six months on rate expectations, the US central bank has taken its first step towards ending its stimulus regime and eventually withdrawing the accommodation. The full turn in policy and benefit to interest rates and currency are still far off. But these are forward looking markets. We discuss important fundamental factor and its trade implications 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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