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  • Gold is jumping again today and briefly tested its 200-day simple moving average before turning lower Despite the quick retracement, the gold price chart is starting to look encouraging https://t.co/Dvd4H9vQEs
  • Levels for Yields on the $US10Y post-#NFP . . . Watch the close today. . https://t.co/ZFZnLXiH5f
  • And now people are wondering why said group of workers is no longer willing to accept low wages? This is a major psychological shift on a society-wide level.
  • After decades of calling certain workers "low skill," we then have a dramatic turn of pace with calling them "essential" during the pandemic, seeing as how society would have literally collapsed without them....
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Germany 30: 1.00% FTSE 100: 0.46% France 40: 0.20% US 500: 0.20% Wall Street: -0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/y6AovkZ4X1
  • re: talk that April US NFP reflects workers unwilling to take COVID risk at current wages Is it really a surprise?
  • from the talking points in this article on Wednesday. Illustrated this morning with #NFP and $SPX, $NDX https://t.co/cZLAoRbPvi https://t.co/el8fsm9i15
  • Heads Up:🇷🇺 Foreign Exchange Reserves (APR) due at 13:00 GMT (15min) Previous: $573.3B https://www.dailyfx.com/economic-calendar#2021-05-07
  • $EURUSD rips right back up to fibo resistance zone after the falling wedge reversal https://t.co/Z5TlCSvHtB https://t.co/SFX4kaPYHw
  • Watch your live NFP coverage with @CVecchioFX here:https://t.co/8W0SxoTWhz
Strategy Video: Inflation Data May Tempt GBPUSD Reversal

Strategy Video: Inflation Data May Tempt GBPUSD Reversal

John Kicklighter, Chief Strategist

Talking Points:

• A round of UK inflation data due at 8:30 GMT represents one of the key fundamental drivers this week

• The sterling is still pricing in heavy speculation of a near-term BoE rate hike

• Should inflation data reinforce or undermine the market's rate expectations, the Pound is ready to react

Find out what live events and webinars are scheduled this week with the DailyFX Live Webinar Calendar!

On an otherwise light data week, we are heading into one of the top potential volatility catalysts for the period: UK CPI. Interest rate expectations behind the pound have soared on the belief that the Bank of England will be pushed to incur its first rate hike well before the Fed and most of the other major central banks. That belief was reinforced with last week's quartelry report, but the timing and severity was not. Policy officials and traders are likely to see their convictions changed on this key price data. What should we look for and what trades are best suited for the different outcomes? We discuss that 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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