The dollar has been trading on a mostly softer tack, alongside the yen, with risk appetite picking up in global markets after U.S. President Trump returned to his White House residence and with the Democrats and Republicans showing signs of progressing another fiscal support package. The good mood has waned somewhat in early European trade, […]
The Dollar ended higher in N.Y. trade on Tuesday, though ranges overall were relatively narrow. The DXY bounced modestly from the two-plus week low of 93.35 seen early in the session, to 93.64 during the afternoon session, after Trump said there would be no stimulus package until after the election. Risk-taking levels took a dive […]
The dollar rebounded after earlier softening, concomitantly with an uncertain tone establishing across European stock markets and with U.S. index futures having reversed earlier gains. The pan-Europe STOXX 600 index was near net unchanged as of the early afternoon session. While President Trump’s return to the White House was greeted positively, uncertainties prevail: about the […]
Gold is on the verge of breaking resistance while the USD breaks down…
Canadian Dollar offensive may be vulnerable here as the USD/CAD pullback tests a key inflection zone. These are the levels that matter on the Loonie technical charts.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil – US Crude-bullish contrarian trading bias.
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