A flurry of better-than-expected economic data may intensify Bank of Canada tapering bets and open the door for the Canadian Dollar to continue outperforming the US Dollar, Euro, and Japanese Yen.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bullish contrarian trading bias.
Markets have been quite choppy over the last few trading sessions with risk trends and investor sentiment improving more recently. Will the Fed meeting on deck reignite volatility in the week ahead?
A tepid US core CPI reading and smooth Treasury note auctions last week calmed longer-term yields, which alleviated pressure on tech sector. Will this trend be sustained?
A series of key technical levels offer potentially actionable trade levels across several Australian Dollar pairs. What are the key levels to watch out for in AUD/USD, AUD/CAD and AUD/JPY?