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  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.03% US 500: -0.05% France 40: -0.12% Germany 30: -0.18% Wall Street: -0.32% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/fC4rLYXZVW
  • Hey traders! The lift in sentiment is inconsistent. What are some themes we should be looking out for? Find out from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/E9XhGxkm9s
  • Gold bulls remain in control with the precious metal closing above its 200DMA for the first time since early February. The combination of lower real yields and a softer USD. Get your $XAUUSD market update from @JMcQueenFX here:https://t.co/IIrfUPkoMr https://t.co/XAL6wh90Uz
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Gold: -0.15% Silver: -0.26% Oil - US Crude: -0.62% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/FwuCskLt6F
  • The $DXY Dollar Index is working on its fourth consecutive daily slide. As we edge closer to the 2021 swing low (89.20 on Jan 6th), worth considering its big picture perspective on a weekly chart https://t.co/LBO5IOQBLU
  • $Silver trying for breakout, as well. BIG zone of resistance ahead, around the 30 handle. Already held two spikes (august, february). If bulls can eventually break through, could be some room to run (chart 2) $SLV $XAG https://t.co/QZHOsqJMno
  • US Treasury Secretary Yellen: - Corporate taxes are at historic lows - Reform is needed to help pay for infrastructure upgrades $USD $DXY $TNX
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 87.53%, while traders in EUR/USD are at opposite extremes with 69.68%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/rZoMbRL3E4
  • a lot of talk about Burry's short on tsla. I'm more intrigued by the bet on inflation. the tsla trade seems to be getting all of the attention Burry was very early on subprime and also pretty early (but ahead of most of the crowd) on $GME. But, his analysis on both was on point
  • DAX 30 sees record high. EUR/USD takes advantage of USD selling. Get your #DAX market update from @HathornSabin here:https://t.co/2uHZRg8ABr https://t.co/aLpmnOYYti
Trading Video: Which Comes First - A EURUSD, GBPUSD or S&P 500 Bear Trend?

Trading Video: Which Comes First - A EURUSD, GBPUSD or S&P 500 Bear Trend?

John Kicklighter, Chief Strategist

Talking Points:

• The docket is light this week, but the market's distrust in risk trends keeps the S&P 500 in focus

• Fed rate expectations continue to ease, keeping the dollar in check and EURUSD from trend

• UK inflation data is top event risk over the coming 24 hour period with GBPUSD near channel support

Expect breakouts? Use the DailyFX Breakout 2 strategy to signal or confirm setups!

Risk trends and rate expectations remain the top two fundamental themes for traders to gauge for trend and momentum. The imbalance in both themes presents considerable medium-term trade potential in the FX and capital markets; but recognition matters only so far as the market eventually conforms to those new realities. That requires data, guidance and catalysts. For the S&P 500 and 'risk' trades, the catalyst is constantly elusive; but certainty of a change in tack is growing louder with each day. Meanwhile, interest rate expectations have set particular time frames between the US, Eurozone and UK groups that extend what data and policy officials suggest. What do these themes, biases and upcoming event risk mean for trading? We discuss that in today's Trading 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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