S&P 500, Russell 2000, Corporate Bond Fund Flows as Q2 2021 Begins
The S&P 500, Russell 2000, and Corporate Bond ETFs have had mixed reactions to recent developments in the global macro outlook.
GBP/JPY IG Client Sentiment: Our data shows traders are now net-long GBP/JPY for the first time since Jan 19, 2021 when GBP/JPY traded near 141.75.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/JPY-bearish contrarian trading bias.
NZD/USD Trades Within March Range Ahead of RBNZ Rate Decision
NZD/USD may continue to consolidate ahead of the RBNZ rate decision on April 14 as the bank is expected to keep the official cash rate (OCR) at the record low…
Canadian Dollar (CAD) Rallies After Jobs Report Smashes Estimates
Canadian Dollar spikes as employment report smashes estimates. USD/CAD hits session lows.
Copper (HG) Price Outlook Remains Bullish
Copper appears poised to make another run soon, possibly trading to the 2011 record highs.
GBP/USD Technical Outlook – Support Under Pressure as US Dollar Firms
GBP/USD is looking to break multi-week support, and threaten a medium-term trendline, as Sterling’s strength fades across the board.
Bitcoin (BTC/USD) Continues to Pummel $60k – Will More Buyers Pile In?
Bitcoin has stalled in recent weeks after an impressive surge since December 2020, will it continue higher?
Australian Dollar Forecast: Key AUD/USD Levels to Watch Amid Breakdown Warning
A warning of a top to increase should key support break. AUD/USD remains soft despite USD struggle.
Canadian Dollar Forecast: USD/CAD Probing Resistance With Jobs Data on Tap
The Canadian Dollar is at risk of losing further ground against its US counterpart if upcoming employment data disappoints market participants.
EUR Q2 2021 Technical Forecast
The Euro has sold off in dramatic fashion against the US Dollar, with EUR/USD aiming to complete its third consecutive monthly loss.