Gold prices were denied the highest close since August 2020 after markets interpreted the Western response to Russia’s attack on Ukraine as less severe than expected. Where to ahead?
Wall Street stocks rebounded from deep losses Thursday as investors assessed western sanctions on Russia after its forces pushed closer to Kyiv. Crude oil and gold prices retreated from intraday…
AUD/USD may consolidate ahead of the next Reserve Bank of Australia (RBA) interest rate decision on March 1 as it fails to test the January high (0.7314).
Data prints coming out of the US may generate a larger rebound in USD/JPY as the Fed’s preferred gauge for inflation is expected to increase for the fifth month.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bullish contrarian trading bias.