Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bearish contrarian trading bias.
The S&P 500 and Dow Jones could be at risk as retail investors increase their long exposure in them ahead of the Fed rate decision. What are key technical levels to watch out for below?
Although regulatory authorities have consistently stressed the need to move away from LIBOR, a significant number of “tough legacy bonds” with inadequate or no fallback provisions remain.
The New Zealand Dollar may face some additional pressure following the island-nation’s current account deficit widening. Kiwi Dollar traders are looking ahead to tomorrow’s GDP figures.