Crude oil prices ripped more than 33% off the April low with the breakout stalling ahead of key resistance. Technical levels that matter on the WTI short-term charts.
Bitcoin prices stabilize above $20,000 despite Coinbase announcement. FOMC and Fed rate decision support USD strength as riskier assets remain under pressure.
Gold prices are attempting to break below key support at the monthly lows ahead of tomorrow’s Fed rate-decision. The levels that matter on the XAU/USD technical charts.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bullish contrarian trading bias.
The BoJ expanded its bond purchases to contain the spike in 10 year JGB yields. Possibility of 75 bps from the FED tomorrow poses a threat to the low yielding…