Dollar Rise may Continue This Week. What are the key Resistance Levels?
The Dollar index resumed rally on Monday amid signs of renewed distress in equity markets. Demand for Dollars could also start to pick up as investors price in potential bullish surprises in the June...
FOMO Friday: AUDJPY Breaks Down
Missed Opportunities In AUDJPYAs we wrap up another week, it’s time to take stock of the winners and losers (and I’m not talking about the Euros!). For some, this weekend will be one for celebrating...
ECB Ups Its Inflation Target Following Policy Review
ECB Policy Review ConcludedAs part of new ECB president Christina Lagarde’s first big moves as ECB chief, the former IMF-head ordered a review of the bank’s monetary policy. This is the first such...
USD Down Following Muted FOMC Minutes
Fed Urges PatienceThe June FOMC minutes release last night failed to provide a catalyst for a fresh wave of USD buying. Given the upward revision to the Fed’s dot plot forecasts as well as the upward...
The Crude Chronicles - Episode 97
Oil Traders Cut LongsThe latest CFTC COT institutional positioning report shows that oil traders cut their net long positions in oil last week by 3671 contracts. This reduction brings the total upside...
GBP Lower Despite Lockdown Ending Announcement
GBP Still Soft The British Pound is continuing to languish this week despite confirmation from the UK government that lockdown restrictions will end on July 19th. The government announced this week...
Aussie Rallies On RBA Tapering Announcement
AUD Higher Over European MorningThe Australian Dollar has been a little firmer over the European morning on Tuesday following the July RBA meeting held overnight. While monetary policy was held...
Precious Metals Monday 05-07-2021
GoldGold prices have started the week on a firmer footing with the safe haven asset finding a bid over the European morning on Monday. The rally comes amidst some softening in USD following the June...
FOMO Friday: AUDUSD Leads The Charge Lower
AUDUSD Breaks LowerAs the week draws to a close the big winner has been the US Dollar. However, in the FX game, where there is a winner there is also, always, a loser. This week the weakest currency...
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