USD/CAD may face a larger correction ahead of the Bank of Canada (BoC) interest rate decision as the central bank is expected to normalize monetary policy at a faster pace.
The Japanese Yen is starting to show some resilience against the US Dollar, Australian Dollar, Euro and British Pound. Where to for USD/JPY, AUD/JPY, EUR/JPY and GBP/JPY in the week…
The euro came close to parity with the US dollar on Friday and looks likely to reach it. Germany records its first trade deficit in over 30 years and may…
The British Pound fell for a second week against the US Dollar, setting a fresh multi-year low. A rebound may occur, but the chance for a trend reversal looks slim.…
Next week's U.S. consumer price index report could show June inflation accelerated to new multi-decade highs, a result that could boost Treasury yields and the U.S. dollar in the near…
Stocks rallied in the first full week of July and that move held through a strong NFP report. Next week brings CPI, and then the start of earnings season the…
Bitcoin has picked up a small bid this week and moved marginally higher. While the short-term outlook looks marginally more positive, the longer-term outlook remains negative.
Oil prices have rebounded off of recent lows after bears failed to drive prices below Fibonacci support at $93.5. Key technical levels continue to hold firm.