USD strength has returned after a positive week for risk assets. Bitcoin, Ethereum and alt coins struggle to hold onto gains while China’s economy takes strain.
The Nasdaq and S&P 500 set a fresh two-year-low two months ago. But, already the Nasdaq has set a fresh three-month-high as the S&P gears up for a test at…
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bullish contrarian trading bias.
Market sentiment surged last week after US inflation cooled, boosting risk-sensitive currencies and stocks. Gold also climbed against a weaker USD. The FOMC Minutes, RBNZ, jobs data and inflation r...
EUR/USD has fully retraced its impulsive move higher off the back of last week’s cooler US CPI print. EUR/USD firmly back within the prior trading range
The precious metal is struggling to break $1,800/oz. with any conviction and with little in the way of heavyweight data this week, price action is expected to be muted.
Brent crude oil prices slipped on Monday morning after Chinese data missed estimates on multiple fronts, while a stouter USD sustained the downside pressure.