Blog

Sterling remains weak against a range of currencies and with little seen propping GBP up in the near term then further losses may lie ahead.

Short-term respite for EUR/USD bears after Euro zone sentiment and inflation data however, risk on sentiment continues to support the Euro.

USD/CAD dropping to multi-month support as US Dollar momentum slows.

Gold prices are weighing a Kremlin pledge to de-escalate the crisis in Ukraine. US ADP jobs data and comments from Fed officials may amplify rate hike bets further.

The Euro was lifted by hopes of a de-escalation in Ukraine but Japan's central bank took centre stage in Asia today. Will EUR/JPY break resistance?

Oil traders have EIA inventory data in focus as a steep price discount in WTI crude may drive US exports higher amid broader global economic factors.

The Australian Dollar has maintained a 2-month rally against a backdrop of Ukraine war uncertainty, a pre-election budget and possible RBA action.

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.

A move below 70 in the Relative Strength Index (RSI) is likely to be accompanied by a near-term correction in USD/JPY as the oscillator offers a textbook sell signal.

The Bitcoin rally stalled at the 200-day Simple Moving Average despite a risk-on Wall Street trading session. A light economic data docket may see prevailing sentiment trends carry over into…