DAX 30, CAC 40 Technical Analysis: Looking Positive as Risk Trends Firm Up
The DAX congestion period may soon come to an end with another run at new highs, while the CAC is working on filling the gap from last Feb.
USD/JPY IG Client Sentiment: Our data shows traders are now net-short USD/JPY for the first time since Feb 09, 2021 when USD/JPY traded near 104.58.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bullish contrarian trading bias.
AUD Retreats as RBA Reaffirms Easy Policy, Ramps up Bond Buying
SYDNEY, March 2 Reuters The Australian dollar eased on Tuesday as the central bank sought to calm nervous bond markets by recommitting a pledge to keep buying bonds, and reassuring that faster growth will not lead to an early tightening cycle. The Aussie was 0.12 lower 0.7760 at midday on Tuesday, and down 3 from […]
JGB Yields Fall as 10Year Auction Draws Solid Response
TOKYO, March 2 Reuters Yields on Japanese government bonds fell on Tuesday after an auction of 10year notes received solid demand, easing concerns about a recent global selloff in sovereign debt. Benchmark 10year JGB futures rose 0.27 point to 151.08, with a trading volume of 29,280 lots. The 10year JGB yield fell 2 basis points […]
Japanese Shares End Lower as Investors Cash in on Strong Yearly Gains
TOKYO, March 2 Reuters Japanese stocks reversed course to close lower on Tuesday, as some investors cashed in on the indexes sharp rally in the runup to the fiscal yearend this month. Investors will close their books as the fiscal year ends on the last day of March and many market participants are looking to […]
AUD Up as RBA Declines to Take Action against Higher Yields
Rates as of 0500 GMT Market Recap The theme in the market nowadays has been the fight between the market and the central banks over the likely path of monetary policy. Simply put, the market doesnt believe the central banks pledges to keep rates steady until X, Y or Z. Traders think the recovery is […]
US Dollar Price Action Pre-NFP: EUR/USD, GBP/USD, USD/CAD
King Dollar on the return? The US Dollar has started February on a bullish note, but tomorrow brings a key test with the release of Non-farm Payrolls.
Bitcoin, Ethereum Technical Analysis: Bid into a Busy Weekend
Ethereum futures go live next week and this week saw a massive bullish run in anticipation. Will the futures listing serve to continue the trend or reverse the move?
Gold Price Forecast: XAU/USD Pulls Back to Resistance After Break Down
Gold prices broke down with aggression last week; but helped along by a USD breakdown around NFP, price action has already perked back-up. Can Gold bulls hold the line?
Silver Price Forecast: XAG/USD Bid Back Above 27 – Can SLV Hold?
Silver put in a pronounced breakout to start last week, but quickly broke down. Can bulls re-claim the 30 handle or is a larger reversal brewing ahead?