The US Dollar Index (DXY) has rejected a concerted move higher over the last 48 hours as markets prepare for tomorrow’s ECB meeting. FOMC, retail sales next week
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bullish contrarian trading bias.
Crude oil holds the high ground as Chinese lockdowns ease, while supply remains tight with Russian oil leaking out over the oceans. Will WTI hit new heights?
The Euro could be vulnerable to selling pressure as retail traders increase their long exposure in EUR/USD and EUR/JPY. How will this align with the fundamentals and technical?