Canadian Dollar Price Forecast: USD/CAD, CAD/JPY, EUR/CAD
The Canadian Dollar has continued to show strength particularly in pairs like CAD/JPY or EUR/CAD.
Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update
The RBNZ has already hiked rates, while the BOC is turning more hawkish. Meanwhile, the RBA remains on hold.
Gold Price Trades Back Above 200-Day SMA Amid Falling US Yields
The price of gold may continue to retrace the decline from the September high ($1834) as long as longer dated US Treasury yields remain under pressure.
Germany 30 IG Client Sentiment: Our data shows traders are now net-short Germany 30 for the first time since Sep 28, 2021 when Germany 30 traded near 15,285.20.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 30-bullish contrarian trading bias.
FTSE 100 Technical Analysis: Looking to Break Multi-month Range
The FTSE is making another push at breaking out of a multi-month range; if a breakout is successful then it could clear a path to the 2020 highs, or better.
Earnings Season: Bank of America and Morgan Stanley Post Another Strong Quarter
Find out more about Bank of America and Morgan Stanley Q3 earnings
USD/ZAR Price Forecast: ZAR Boosted by Weaker USD but Downside Risks Remain
The recent USD weakness helped USD/ZAR trade lower, however, technicals point to a resumption of the larger bullish theme
Bank of England Speech Key to Sterling (GBP) Strength
Aggressive BoE rate hike bets heighten the importance of BoE commentary
Ethereum (ETH) Primed to Break Higher as Resistance Comes Under Renewed Pressure
Ethereum probing multi-week resistance again and a confirmed breakout would suggest that the second-largest crypto will soon be back above $4k.
British Pound (GBP) Price Outlook: GBP/JPY Closes in on Major Resistance Levels
Sterling continues to advance against other major currencies, with GBP/USD up and EUR/GBP down, but GBP/JPY is now close to previous highs that could impede its upward progress.