USD/CAD may face a larger pullback over the coming days as the Relative Strength Index (RSI) falls back from overbought territory to indicate a textbook sell signal.
ECB President Lagarde recently delivered a speech on "Monetary Policy in the Euro Area" in which she suggested that further interest rate hikes are expected as price pressures are likely…
Oil prices rise and extend their recent rally on bets that OPEC+ will step in to defend prices by cutting supplies significantly at its production policy meeting this week.
Euro surged more than 4.2% off support at multi-decade lows with the rally now approaching yearly downtrend resistance. Levels that matter on the EUR/USD technical charts.
FTSE 100 has rebounded off key psychological support as risk appetite turns positive. Softer USD and lower yields support gains while technical levels remain intact.
Stocks are rising after taking out the June lows; rally could extend a bit further, but overall whether it ends now or later it is likely a bear market bounce.