Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian trading bias.
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.
The Japanese Yen gained today as the market looks at the shift in the Bank of Japan’s monetary policy. China’s new approach to Covid-19 is also on traders’ minds.
The Australian Dollar has started 2023 on the backfoot with the US Dollar broadly stronger across the board in thin trading conditions before investors and traders return from holidays.
The US Dollar has been losing ground to the Singapore Dollar. However, it could be staging a comeback against the Philippine Peso and Thai Baht. Will USD/IDR exit consolidation soon?
We are heading into 2023 with a flimsy sense of stability attempting to offset this past year largely defined by its bearish course. The debate around whether the S&P 500…