Dollar Threatens Reversal Awaiting Stimulus, Nasdaq Leaves FOMO Rally Unclear

-Subscribe to DailyFX:
-Free Trading Guides & Forecasts:

Dollar, GBPUSD, AUDUSD, Nasdaq Talking Points:

• The Nasdaq didn’t give a clear response following the release of most FAANG member’s earnings Thursday night, which leaves the drive on risk trends unclear for next week
• US stimulus is still up in the air as extraordinary unemployment benefit support expires, but US equities and the Dollar are ready to response Monday whether a solution is offered or not
• With a Friday rally, the Dollar keeps open the possibility of a correction – if properly supported – with EURUSD, AUDUSD and GBPUSD crosses that I’m watching specifically

Nasdaq and FAANG: 1:45
FOMO and Extreme Low Rates of Return - 3:30
Stimulus as a Fundamental Driver - 8:55
GDP as a Theme - 9:10
Dollar - 16:50

-Visit DailyFX:

#DailyFX #Trading #Markets

Welcome to DailyFX where subscribers get access to actionable and authoritative views on global financial markets.

Why subscribe?
-Cutting edge real-time insight on actionable market developments
-Clearly explained videos to help you build your forex trading strategy and market knowledge
-Access to self-serve market information for traders to apply and enhance their own analysis
-Quick take videos of market-moving developments throughout the trading week

Millions of traders from around the world seek out DailyFX for up-to-date forex alerts, news and analysis. Think of us as your trading friends that have access to institutional level research, with years of live trading experience under our belts. We give you what you need to trade well month after month, and our services are free.