July 2021 – Page 18 – UAG Trade Asia

US Dollar Outlook: Has the Trend Finally Reversed? USD/SGD, USD/THB, USD/PHP, USD/IDR

The US Dollar is pushing for an aggressive comeback against the Singapore Dollar, Thai Baht, Philippine Peso and Indonesian Rupiah. Is this the end of its dominant downtrend since 2020?

July 9, 2021
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Iron ore prices look primed to rise further in Q3 as a developing US infrastructure plan underpins an already bright outlook amid a global recovery.

EUR/CHF IG Client Sentiment: Our data shows traders are now at their most net-long EUR/CHF since Jan 19 when EUR/CHF traded near 1.08.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/CHF-bearish contrarian trading bias.

AUD/JPY IG Client Sentiment: Our data shows traders are now net-long AUD/JPY for the first time since Jun 21, 2021 when AUD/JPY traded near 83.18.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/JPY-bearish contrarian trading bias.

Australian Dollar Forecast: Risk Aversion Hammers AUD/USD, Chinese Inflation Eyed

Risk aversion swept through markets overnight, driving Treasury yields lower and dragging the risk-sensitive Australian Dollar down. Traders are watching Chinese inflation figures to cross the wires.

Gold Price Outlook: Gold Rallies as Rates Tank- XAU/USD Levels

Gold prices surged 3.7% on a six-day rally off the June lows with XAU/USD now eyeing initial resistance hurdles. The levels that matter on the gold technical charts.

Yen Rallies on Rates Theme: USD/JPY, EUR/JPY, GBP/JPY

We’re in the summer and ranges are common, but the Yen may be threatening a larger reversal as US rates continue to fall.

GBP/JPY IG Client Sentiment: Our data shows traders are now net-long GBP/JPY for the first time since Apr 26, 2021 when GBP/JPY traded near 150.30.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/JPY-bearish contrarian trading bias.

Canadian Dollar Outlook: USD/CAD Breakout Underway- Loonie Levels

Canadian Dollar plunged more than 1.7% this week with a breakout in USD/CAD now eyeing the first Major resistance hurdle. The levels that matter on the technical charts.

Germany 30 IG Client Sentiment: Our data shows traders are now net-long Germany 30 for the first time since May 19, 2021 when Germany 30 traded near 15,132.60.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 30-bearish contrarian trading bias.

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US Dollar Outlook: Has the Trend Finally Reversed? USD/SGD, USD/THB, USD/PHP, USD/IDR

Iron Ore to Rise Further as US Infrastructure Deal Aids Recovery Outlook: Q3 Top Trading Opportunities

EUR/CHF IG Client Sentiment: Our data shows traders are now at their most net-long EUR/CHF since Jan 19 when EUR/CHF traded near 1.08.

AUD/JPY IG Client Sentiment: Our data shows traders are now net-long AUD/JPY for the first time since Jun 21, 2021 when AUD/JPY traded near 83.18.

Australian Dollar Forecast: Risk Aversion Hammers AUD/USD, Chinese Inflation Eyed

Gold Price Outlook: Gold Rallies as Rates Tank- XAU/USD Levels

Yen Rallies on Rates Theme: USD/JPY, EUR/JPY, GBP/JPY

GBP/JPY IG Client Sentiment: Our data shows traders are now net-long GBP/JPY for the first time since Apr 26, 2021 when GBP/JPY traded near 150.30.

Canadian Dollar Outlook: USD/CAD Breakout Underway- Loonie Levels

Germany 30 IG Client Sentiment: Our data shows traders are now net-long Germany 30 for the first time since May 19, 2021 when Germany 30 traded near 15,132.60.

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