Since the momentous day last Thursday FX markets are beginning to jockey positions for the next inflection point which is the Fed  decision next Wednesday. Dale believes that should the dollar strengthen into that event it will be a buying opportunity in the Euro as the first wave was impulsive in nature. USDCAD is showing glaring weekly divergences and will be a shorting candidate in the 1.37 to 1.38 range


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EUR/USD comfortable below 1.0800 lower lows at sight

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Gold pulls away from daily highs, holds above $2,200

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Gold retreats from daily highs but holds comfortably above $2,200 in the American session on Thursday. The benchmark 10-year US Treasury bond yield stays near 4.2% after upbeat US data and makes it difficult for XAU/USD to gather further bullish momentum.

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