Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 30-bearish contrarian trading bias.
The UK’s two top scientific advisors will address the nation today at 11:00 BST and warn that tougher lockdown measures may be on the way if the public doesn’t follow…
The Euro seems to have avoided a breakout lower against the US Dollar. This is as EUR/CHF faces converging trend lines. EUR/AUD may bounce, will EUR/CAD follow higher?
Fresh remarks from Fed Chairman Jerome Powell may keep the price of gold afloat as the central bank relies on its emergency tools to support the US economy.
The US Dollar, British Pound and Euro will all be closely watching key geopolitical developments in North America (Powell testimony), the UK (Brexit talks) and Europe (EU summit).
The Australian Dollar may continue to outperform its haven-associated counterparts after breaking above key chart resistance. AUD/USD, AUD/JPY, AUD/CHF levels to watch.
The bullish price action in NZD/USD may continue to coincide with the tilt in retail sentiment as the RBNZ appears to be on track to retain the current policy.
The Nasdaq 100 futures are oscillating in early Asia hours after falling 1.07% on Friday, setting a mixed tone for Asia-Pacific open. Japan’s market closed for a two-day holiday.