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  • US 10yr Treasury yields have slipped back below 1.10 today, but remain notably higher compared to earlier in the pandemic $USD $IEF https://t.co/PYLCZGwPHt
  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.31% France 40: 0.30% Germany 30: 0.23% US 500: -0.25% Wall Street: -0.40% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/079WIJ3r9O
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  • USD/CAD trending lower has been a theme since it peaked in dramatic fashion back in March, but the downtrend may be put to the test soon as a falling wedge pattern comes to light. Get your $USDCAD market update from @PaulRobinsonFX here:https://t.co/qjobL4Uyq9 https://t.co/wgd9nZSGpj
  • US Indices remain in the red but have pared some losses as session advances into the afternoon. DOW -0.38% NDX -0.13% SPX -0.24% RUT -0.03% $DOW $QQQ $SPY $IWM
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  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in EUR/JPY are at opposite extremes with 64.66%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/juDA0EsIR7
  • Totally normal market behavior happening in $GME which was just halted after surging 69% in the session https://t.co/UT6RrOhZ2L
  • $EURCAD hit an intraday high just shy of 1.5500 before turning slightly downward. The pair is currently trading at its highest levels since early last week. $EUR $CAD https://t.co/Cj6Vu9Rg5L
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Gold: -0.84% Oil - US Crude: -1.40% Silver: -1.82% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/Nc1fRSiBw5
Forex Strategy Video: GBPUSD Fundamentals for Technical Traders

Forex Strategy Video: GBPUSD Fundamentals for Technical Traders

John Kicklighter, Chief Strategist

Talking Points:

• There are two general types of analysis - fundamentals and technicals - and retail traders prefer techs

• Fundamentals can encompass a vast array of topics and measurements but event risk and themes are key

• Known event risk can help stoke volatility and high level themes can establish trends

Bring the economic calendar to your charts with the DailyFX News App.

Technicals are the preferred analysis type for most retail traders. But a basic appreciation of fundamentals can better tell us when breakouts are coming or whether trends will develop. For those that want to avoid going too far down the fundamental rode, there are two key elements for this type of analysis: known event risk and dominant themes. GBPUSD offers a great illustration of fundamentals in action. A technical channel break has been curbed by fundamentals, but upcoming event risk can significantly change its volatility and trend profile. We discuss what fundamentals and how to incorporate them for those that consider themeselves purely technical traders using GBPUSD, EURUSD and other pairs 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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