USD/TRY Forecast: USD/TRY Record High, Volatility Rising on Policy Easing Risks
USD/TRY hits a fresh record high as risks of premature policy easing rises
Russian Wealth Fund to Slash US Dollar Holdings to Zero – Reinvest in EUR, Gold, and Yuan
Russian Finance Minister says US dollar holdings in the country’s wealth fund will be cut to 0%
NZD/USD IG Client Sentiment: Our data shows traders are now net-long NZD/USD for the first time since Apr 06, 2021 when NZD/USD traded near 0.71.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bearish contrarian trading bias.
FTSE 100 Stumbles as Updated Travel List Looms
European airlines struggle to keep bullish momentum as concerns grow regarding limited countries being added to the “green list”.
EUR/GBP Price Outlook – Multi-Week Trading Range Coming Under Pressure
EUR/GBP continues to offer traders a well-defined trading range although support looks to be straining
British Pound (GBP) Price Outlook: Ranges Hold Ahead of US Payrolls Data
Like most other markets, GBP/USD is trading in a tight range ahead of Friday’s US jobs report that will likely determine the next significant move in the pair.
Crude Oil Prices Soar on Demand Hopes, US Inventories and Jobs Data Eyed
Crude oil prices soared to a 32-month high amid hopes for a post-Covid pickup in demand. EIA inventories data and Friday’s US jobs report are now in the spotlight.
Gold Price Analysis: XAU/USD May Rise with Retail Trader Short Bets Ahead of NFPs
Gold prices climbed despite Fed’s Patrick Harker alluding to an eventual scale back of bond purchases. Ahead of NFPs this week, XAU/USD may rise as retail trader short bets accumulate.
Natural Gas Forecast: Key Trendline in Focus as Strong Exports Provide Support
Natural gas is on track to record its second weekly price gain. Strong export figures have helped underpin prices and remain in focus, but short-term weather and inventory drivers may…
Nasdaq 100 Defies Tapering Fears, Nikkei 225 and ASX 200 Trade Higher
The Nasdaq 100 index edged slightly higher despite a Fed official’s comment about tapering bond purchases. AMC soared 95% amid a retail trader frenzy. Asia Pacific markets opened mixed.