Despite its strong fundamentals, the Canadian dollar has weakened sharply against the U.S. dollar since early April, but the trend could reverse if market sentiment improves.
Risk assets climbed going into the weekend, but it wasn't enough to pull major US indexes into positive territory. Traders are watching the wires for further clues on inflation and…
Gold remains susceptible on the back of higher-than-expected inflation data last week. The strong dollar, rising inflation and a motivated Fed pose threats to gold
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bearish contrarian trading bias.
EUR/USD got a much needed reprieve this morning from both the European Commissions 2022 spring forecast as well as hawkish comments from the ECB’s Villeroy.
Risk assets climbed going into the weekend, but it wasn't enough to pull major US indexes into positive territory. Traders are watching the wires for further clues on inflation and…