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  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here: https://t.co/4jsORznRTE https://t.co/WQnyozHgEg
  • $GBPUSD rejected at 1.4000, pull back on BoE price trying to hold support in the 's2' zone https://t.co/g71FxpU3sl https://t.co/P0CnEDDO2a
  • It seems the markets are riding high, but risk is always lurking around the corner. Consider your escape plan before you find yourself in collapsing market. What are the top havens for different conditions in 2021? Find out from @JohnKicklighter here: https://t.co/1oeXWEsJkb https://t.co/sGNzXICiX4
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  • So in summary BoE marginally more dovish than expected, and that key word "transitory" is still there. "The Committee’s expectation is that the direct impact of rises in commodity prices on CPI inflation will be transitory."
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Trading Video: EURUSD Extends Bear Run, Pound and Kiwi Top Volatility Risks

Trading Video: EURUSD Extends Bear Run, Pound and Kiwi Top Volatility Risks

John Kicklighter, Chief Strategist

Talking Points:

EURUSD slipped back below 1.3575 and fundamentals look good, but I have yet to reenter short

• Market conditions still reflect an extreme appetite for yield and open to moderation - if not reversal

• Top event risk throught the rest of the week is the upcoming RBNZ decision and various UK data releases

Sign up for an email reminder for the live coverage of the RBNZ rate decision and see what other major event risk will be covered by analysts in the DailyFX Webinar Calendar.

One of the most appealing fundamental and technical setups I have been monitoring - the EURUSD bear wave - made the bearish break I was waiting for. And yet, I have yet to jump in. There are a number of factors that go into my hesitation, but there is still interest to take advantage of the remarkable circumstances surrounding the pair. One the itial points of hesistation comes via general market conditions. Meanwhile, the appetite for and exposure to expensive and leveraged specualtive assets is a critical consideration for any trader in the near-term as conviction is starting to face participation issues. As for event risk ahead, a range of UK data and an RBNZ rate decision will draw traders' attention to the high potential for volatility. We market conditions and trade scenarios in today's Trading Video.

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

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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