Canadian Dollar Outlook: USD/CAD Key Levels to Watch for OPEC
Oil prices to underpin Canadian Dollar as OPEC look to rollover production quotas.
Euro Forecast: EUR/CHF, EUR/NOK. EUR/SEK Rates Outlook
A look at some of the non-major EUR-crosses.
DAX 30 Sets Record High as Positive Momentum Consolidates
The DAX 30 continues to push higher as positive momentum spills over from the US
GBP/USD IG Client Sentiment: Our data shows traders are now net-short GBP/USD for the first time since Mar 18, 2021 when GBP/USD traded near 1.39.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bullish contrarian trading bias.
Gold Price (XAU/USD) Slumps as US Treasury Yields Hit a Fresh 14-Month High
Gold is coming under heavy selling pressure and support levels look weak as US Treasury yields continue to press higher.
British Pound (GBP) Latest: EUR/GBP Weakness Likely to Persist
The UK is easing coronavirus lockdown rules while concerns continue about rising Covid-19 cases in Europe, potentially weakening EUR/GBP still further.
Euro Price Outlook: Delayed Ratification of Recovery Fund to Weigh on EUR
The delayed ratification of the EU recovery fund, and increased pace of bond-buying by the European Central Bank, may lead to further losses for the Euro against its major counterparts…
Gold Price Eyes $1,700 as Yields Climb, ETF Outflows Continue
Gold prices declined 1.3% so far this week, weighed by a rising US Dollar, ascending Treasury yields and continuous ETF outflows. Traders are eyeing a near-term support level at US$…
Dow to Outperform vs. Nasdaq if Inflation Fears Force Fed Rethink
The Dow Jones Industrial Average of blue-chip stocks is likely to outperform the tech-heavy Nasdaq 100 if worries about inflation force the Fed to trim stimulus sooner than expected.
US Dollar May Still Have Edge as Emerging Markets Underperform Ahead of NFPs
The US Dollar gained against most ASEAN currencies amid volatility in Chinese and Emerging Market equities. Ahead, USD/SGD and USD/THB are eyeing NFPs as the Fed ends SLR exemptions.