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Summary
Brandon discussesed how to identify the trend that will most impact your trades. He also discussesed how to gauge the strength of the trend and how to spot trend reversals before they happen.
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EUR/USD clings to small daily gains above 1.0700

EUR/USD has lost its traction after having climbed toward 1.0750 earlier in the day but managed to stabilize above 1.0700. Mixed performance of Wall Street's main indexes following the consumer confidence data helps the US Dollar hold its ground and caps the pair's upside.
GBP/USD retreats below 1.2400 as US Dollar rebounds

GBP/USD has retraced a small portion of its daily rally and declined below 1.2400 in the American session on Tuesday. Following a bullish start to the day, major equity indexes lost traction and helped the US Dollar stage a rebound while weighing on the pair.
Gold holds above $1,950 as US yields push lower

Gold price has reversed its direction and climbed toward $1,960 after having dropped below $1,940 in the early European morning. The benchmark 10-year US Treasury bond yield is down more than 1% on the day near 3.7% following last week's rally, allowing XAU/USD to stay in positive territory.
Bitcoin whales could prevent BTC price first monthly loss of 2023 through this move

Bitcoin price is inching towards the first monthly loss of 2023. At press time, BTC price is 4.4% below $29,233, its price on May 1. If BTC fails to regain lost ground, the asset is in for its first monthly loss of the year.
Tesla Stock News: TSLA breaks above $200 as Elon Musk visits China

Tesla (TSLA) stock has overcome a major psychological barrier to start the week with shares overcoming the $200 level early Tuesday. A number of tailwinds are aiding the growth stock, which has gained 4.4% to $201.67 in the premarket.