USD/CAD Technical Outlook: Big Macro Level in Play
USD/CAD is testing a long-term level that has thus far kept a lid on higher levels through to the end of this year; scenarios to watch.
Gold Price (XAU/USD) – Struggle Continues in Low Volatility Conditions
Gold's lackluster performance of late shows no signs of abating as technical levels continue to hold price action.
USD Long Far From Crowded, GBP Sentiment Deteriorates, NZD Flips to Net Short – COT Report
USD longs continued to pick up, GBP net shorts grow, however, downside limited from here
Turkish Lira Eyes Best Week in 40 Years, USD/TRY Rapidly Sinks in Illiquid Conditions
The Turkish Lira suddenly soared over 15% against the US Dollar in the aftermath of President Erdogan’s measures to support the currency. TRY is aiming for the best week in…
US Dollar Holds the High Ground as Biden’s Plan Hits a Hurdle. Will USD Rally Resume?
The US Dollar maintains lofty levels as risk appetite sways on the President Joe Biden's economic agenda hitting a roadblock and Omicron looming. Where to for USD?
Gold Prices Drop With Breakeven Rates After Biden Agenda Stalls. PCE Data Eyed
Gold prices fell alongside market-based inflation expectations after President Joe Biden's social spending agenda took a critical hit overnight. Bullion traders are eying US PCE data due out later ...
NZD/USD IG Client Sentiment: Our data shows traders are now at their most net-long NZD/USD since Nov 29 when NZD/USD traded near 0.68.
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.
Nasdaq 100 Sinks on Fiscal Stimulus, Omicron Woes. Will ASX 200 Shrug off Wall Street?
The Nasdaq 100 sank amid US fiscal stimulus disappointment and Omicron woes. Will the ASX 200 and Nikkei 225 brush aside the turbulence from Wall Street?
Euro Technical Analysis: EUR/USD, EUR/JPY. Volatility Crunch Needs Watching
The Euro made a new low against the US Dollar and Japanese Yen earlier this month, but both have now settled into range mode. Will the single currency breakout?
AUD/USD Eyes RBA Minutes as Risk-Off US Session Threatens APAC Trading
AUD/USD fell overnight as US traders shifted into a risk-off stance on rising Omicron fears. The RBA's meeting minutes are set to cross the wires today as AUD/USD tests a…