The EUR/USD cross is pushing marginally higher ahead of today’s FOMC minutes, but a moving average crossover may derail any further move to the topside.
Retail traders appear to be reducing long exposure in the Euro after recent gains. This hints that EUR/USD and EUR/JPY may rise in the near term, but could this trend last down the road?
The Canadian Dollar has had a rocky start to the week, but resolutions in favor of more CAD strength are still sought after in CAD/JPY and USD/CAD rates.
Gold surged more nearly 4% off the March lows with XAU/USD threatening a major breakout into the April open. Here are the levels that matter on the 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/USD-bullish contrarian trading bias.
Crude oil prices have moved from a strong bullish trend into a fairly consistent range. But are bulls done or merely taking a break following an extended run?