Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/JPY-bullish contrarian trading bias.
The Australian Dollar may struggle to hold higher ground as China GDP and industrial production disappointed markets. Retail sales was rosier. Will AUD/USD stay strong?
The US Dollar may be at risk against ASEAN currencies as an energy crunch benefits the Indonesian Rupiah. USD/THB and USD/PHP face loosening Covid restrictions. All eyes on China GDP.
The Dow Jones gained as the US Dollar and Japanese Yen weakened. Crude oil continues its ascent amid a global supply crunch. All eyes turn to Chinese GDP data. Bitcoin…