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Canadian Dollar Technical Analysis: Has the Loonie Bottomed? – Setups for CAD/JPY, USD/CAD

Posted by By 06/12/2021Posted inForex
There are early technical indications that the Canadian Dollar sell-off has been exhausted.
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Monthly Forex Seasonality – December 2021: US Dollar Typically Slips into Year-End

Posted by By 06/12/2021Posted inForex
The last month of the year tends to see the greenback fall across the board, while gold and US equities have gained ground recently.
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EUR/USD Rebound From November Low Unravels amid Hawkish Fed Rhetoric

Posted by By 06/12/2021Posted inForex
EUR/USD may continue to give back the rebound from the November low (1.1186) as a growing number of Fed officials show a greater willingness to normalize monetary policy.
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FX Week Ahead – Top 5 Events: BOC & RBA Rate Decisions; UK GDP; German & US Inflation Rates

Posted by By 06/12/2021Posted inForex
The first full week of December brings about a slew of important economic data releases and events from around the globe.
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Gold Price Forecast: Gold After the Bear Flag Breach, CPI on Deck

Posted by By 06/12/2021Posted inForex
Gold prices broke through the bear flag but didn't get much run thereafter. Is a bullish engulf from Friday pointing to a greater pullback in the bearish theme?
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FTSE 100 IG Client Sentiment: Our data shows traders are now net-short FTSE 100 for the first time since Nov 26, 2021 when FTSE 100 traded near 7,022.80.

Posted by By 06/12/2021Posted inForex
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bullish contrarian trading bias.
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AUD/USD Forecast: Australian Dollar Susceptible to Wait-and-See RBA

Posted by By 06/12/2021Posted inForex
The Reserve Bank of Australia (RBA) interest rate decision may produce headwinds for AUD/USD as the central bank is widely expected to retain the current policy.
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Bitcoin (BTC) Weekend Meltdown and What It Could Mean Next

Posted by By 06/12/2021Posted inForex
BTC puked over the weekend we've seen a move like this before, could it play the same?; levels and scenarios to watch.
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US Dollar Technical Outlook: DXY Tightropes Support, Looks for Catalyst

Posted by By 06/12/2021Posted inForex
The DXY has been holding onto a notable line of support, but has failed to have a reason to validate or invalidate it.
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Markets Week Ahead: Dow Jones, Nasdaq 100, US Dollar, Yen, AUD/USD, RBA, USD/CAD, BoC

Posted by By 06/12/2021Posted inForex
The Dow Jones, S&P 500 and Nasdaq 100 slumped as volatility swept through markets. The US Dollar and Japanese Yen gained as crude oil prices declined. US CPI, the RBA…
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