US Dollar strength has stuck around since the FOMC rate decision. Might this unsettle matters for this summer? Or will the USD stick to its recent range?
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Silver-bearish contrarian trading bias.
The Mexican peso weakens on risk aversion, broad-based US strength and falling oil prices, but its medium-term outlook remains positive, supported by its higher carry advantage.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bearish contrarian trading bias.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil – US Crude-bearish contrarian trading bias.
Heading into the second quarter, our forecast highlighted that Aussie had failed a stretch into critical resistance at 8004/65- a region defined by the 2004 swing high, the 2010 low and the 2017/20…
US Dollar bears have had a heavy pull on price action over the past fifteen months, but that drive appears to be waning and this was on full display in Q2.