EURUSD on Breakout Watch with NFPs, Nasdaq and Gold Trends More Restricted

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Nasdaq, Gold, EURUSD Points:

• The first official trading day of July, the third quarter and second half of 2020 offered a very uneven ‘risk on’ picture with a record high Nasdaq suggesting sheer speculation
• We are facing a prominent liquidity drain with Friday’s US holiday, but a special day for June NFPs will attempt to compensate for volatility
• My expectations for risk trends are limited – even for the likes of the Nasdaq 100 and Gold – but low boundary EURUSD and AUDUSD breaks may fit the bill

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