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.
This week’s coalition agreement in Germany will lead to a new Government dedicated to more investment. However, the ECB is unlikely to respond and that means more losses ahead for…
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bearish contrarian trading bias.
Friday prompted a market wide selloff as COVID-19 worries deepened. Crude oil prices fell as demand prospects dulled, while SPR releases compounded the problem.