Mexican Peso Forecast: USD/MXN Propped Up by Rising Yields and Weaker Equities
USD/MXN rises to its highest level in 3 months as bonds take control of market sentiment.
S&P 500 Forecast: Will Rising Yields Derail Stock Market's Upward Trajectory?
Rising Treasury yields inspired a broad selling in global equities last week. The longer-term outlook remains positive however on the back of the reflationary theme, strong earnings and vaccine pro…
Weekly Technical US Dollar Forecast: Finally Turning Higher?
The DXY Index has held onto key technical support, suggesting that bulls may have a bit more fight left yet.
Markets Week Ahead: Nasdaq, US Dollar, Gold, Yields, RBA Decision, OPEC, NFPs
Markets swung wildly last week with volatility underpinned by a huge move higher in bond yields and the US Dollar as investors hammered stocks lower. Traders look to the RBA, OPEC, and NFPs ahead.
Australian Dollar Technical Forecast: AUD/USD, AUD/JPY Key Levels
Although the longer-term technical outlook for AUD remains skewed to the topside, recent developments suggest the commodity-sensitive currency could lose ground against USD and JPY.
Wall Street IG Client Sentiment: Our data shows traders are now net-long Wall Street for the first time since Feb 01, 2021 when Wall Street traded near 30,246.40.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bearish contrarian trading bias.
US Dollar Breakouts Seek Follow-Through: USD/SGD, USD/PHP, USD/THB, USD/IDR
The US Dollar is trying to break higher versus ASEAN currencies. The Singapore Dollar, Philippine Peso, Thai Baht and Indonesian Rupiah are under pressure. Will follow-through last?
EUR/USD IG Client Sentiment: Our data shows traders are now net-long EUR/USD for the first time since Feb 18, 2021 when EUR/USD traded near 1.21.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian trading bias.
GBP/USD IG Client Sentiment: Our data shows traders are now net-long GBP/USD for the first time since Feb 04, 2021 when GBP/USD traded near 1.37.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bearish contrarian trading bias.
US Dollar Shorts May Fuel Rally Further, Japanese Yen Tracks US Rates – COT Report
US Dollar squeeze higher could extend if risk assets continue to deteriorate.