Canadian Dollar Outlook: USD/CAD Key Levels to Watch for OPEC
Oil prices to underpin Canadian Dollar as OPEC look to rollover production quotas.
Euro Forecast: EUR/CHF, EUR/NOK. EUR/SEK Rates Outlook
A look at some of the non-major EUR-crosses.
DAX 30 Sets Record High as Positive Momentum Consolidates
The DAX 30 continues to push higher as positive momentum spills over from the US
GBP/USD IG Client Sentiment: Our data shows traders are now net-short GBP/USD for the first time since Mar 18, 2021 when GBP/USD traded near 1.39.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bullish contrarian trading bias.
Gold Price (XAU/USD) Slumps as US Treasury Yields Hit a Fresh 14-Month High
Gold is coming under heavy selling pressure and support levels look weak as US Treasury yields continue to press higher.
British Pound (GBP) Latest: EUR/GBP Weakness Likely to Persist
The UK is easing coronavirus lockdown rules while concerns continue about rising Covid-19 cases in Europe, potentially weakening EUR/GBP still further.
Euro Price Outlook: Delayed Ratification of Recovery Fund to Weigh on EUR
The delayed ratification of the EU recovery fund, and increased pace of bond-buying by the European Central Bank, may lead to further losses for the Euro against its major counterparts…
Gold Price Eyes $1,700 as Yields Climb, ETF Outflows Continue
Gold prices declined 1.3% so far this week, weighed by a rising US Dollar, ascending Treasury yields and continuous ETF outflows. Traders are eyeing a near-term support level at US$…
US Dollar May Still Have Edge as Emerging Markets Underperform Ahead of NFPs
The US Dollar gained against most ASEAN currencies amid volatility in Chinese and Emerging Market equities. Ahead, USD/SGD and USD/THB are eyeing NFPs as the Fed ends SLR exemptions.
Dow to Outperform vs. Nasdaq if Inflation Fears Force Fed Rethink
The Dow Jones Industrial Average of blue-chip stocks is likely to outperform the tech-heavy Nasdaq 100 if worries about inflation force the Fed to trim stimulus sooner than expected.