The price of oil may face a larger pullback over the remainder of the month as the RSI falls back from overbought territory to indicate a textbook sell signal.
Sterling continues to contract around the yearly moving average with the BoE and FOMC on tap next week. Here are the levels that matter on the GBP/USD weekly chart.
Euro is poised to snap a two-week winning streak with the EUR/USD trading just above support at the yearly lows. Levels that matter on the EUR/USD weekly chart into ECB.
USD/JPY may continue to consolidate ahead of the Federal Reserve rate decision on November 3 as the 10-Year Treasury yield weakens for the fourth consecutive day.
USD/CAD fell on the back of the Bank of Canada expectedly maintaining rates at current levels however, the a surprise end to the QE program prompted CAD buyers to extend…
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bearish contrarian trading bias.