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The US Dollar outlook against ASEAN currencies like the Singapore Dollar, Thai Baht, Indonesian Rupiah and Philippine Peso remains bullish amid capital outflows risks as Covid cases swell.

Crude oil prices collapsed on Monday despite an OPEC+ breakthrough, driven by Covid-induced demand woes. Meanwhile, Gold is at odds with a stronger US Dollar and falling Treasury yields.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bearish contrarian trading bias.

The Dow Jones, S&P 500 and Nasdaq 100 tumbled as risk aversion engulfed financial markets amid rising Covid cases and US-China geopolitical tensions. The ASX 200 may be vulnerable ahead.

Bill Ackman’s Pershing Square Tontine acquisition vehicle backed out of a potential SPAC merger on Monday citing SEC scrutiny.

A breakdown in market sentiment sent haven flows into the Japanese Yen along with Treasuries as a new wave of Covid causes investors to brace for a slowdown in global…

The Nasdaq 100 suffered considerable losses to start the week as covid concerns reemerged and equity markets stumbled from record levels. Declines have sent the Nasdaq in search of support.

NZD/USD may track sideways throughout the week as the exchange rate appears to be defending the monthly range.

The narrative around gold prices may be shifting as delta variant concerns infect global financial markets.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bearish contrarian trading bias.