The Canadian dollar weakens on Wednesday as risk-off sentiment undermines high-beta currencies, paving the way for USD/CAD to bounce off trendline support.
EUR/USD is stuck in a tight trading range today as the Euro consolidates its recent strong performance against the US dollar. A fresh multi-month EUR/USD high is within touching distance.
Cable retreated from multi-month highs this morning as support at 1.2449 comes into play. Will US data later provide fresh impetus for further downside or is acceptance above 1.2500 inevitable?
The Australian dollar remains on offer despite the RBA’s Governor Lowe stating that they are leaving the door open to further rate hikes. AUD/USD bears eye 0.67.
The gold price made new highs today after the US Dollar and Treasury yields descended on soft data, while crude oil maintained the high ground. Will XAU/USD keep rallying?
The New Zealand Dollar shot higher after the Reserve Bank of New Zealand unexpectedly hiked rates to 5.25% from 4.75%, markets were looking for 5%. Where to for NZD/USD?
The Euro appears to be ensconced in a trend against the US Dollar but potentially caught in a range against the Japanese Yen. If EUR/USD continues higher, where will EUR/JPY…
Natural gas prices are stabilizing above February lows, with downside momentum fading. The breakout above a Falling Wedge has struggled to materialize, undermining its bullish implications.
S&P 500 turns lower after failing to clear trendline resistance at 4,140, a sign that bullish momentum may be vanishing just as sentiment begins to sour again.