The Canadian Dollar strengthened on Tuesday through the 100-DMA against the US Dollar and traded below C$1.29 per USD as NAFTA developments and CA data are making CAD bidders hopeful.
The combination of current sentiment and recent changes gives us a further mixed USDJPY trading bias.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bullish contrarian trading bias.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Bitcoin-bearish contrarian trading bias.
Commodities tend to do best when volatility is absent, and that is what we see with Crude as implied volatility has dropped for both Brent and WTI as both advances on the price charts.
Both the Dollar and Yen had recouped from losses that were seen during the Tokyo AM session although the magnitude of movement has been relatively limited overall. The USD index (DXY) edged out a four-week low at 94.68 before recovering above 94.85, while EUR-USD printed a four-week high at 1.1697 before correcting to the 1.1665-70 […]
The Dollar has continued to trade with a softening bias. The USD index (DXY) posted a four-week low at 94.61 while EUR-USD concurrently lifted to four-week highs just above 1.1700. The U.S. currency also posted losses against a slew of other currencies, including making a six-week low versus Sterling. USD-JPY, in contrast, has remained relatively […]
OVERVIEW MXN strengthens while the Loonie soars higher following an agreement in principle between the US and Mexico The US Dollar slides again on the month-end flow Gold adds nearly $2 to its luster, trading around $1,215 and WTI consolidating near $69 a barrel
The Dollar index traded to August lows of 94.45 early in the N.Y. session, though managed modest gains following the strong U.S. consumer confidence report, which came in at a 17-year high, later topping over 94.65. EUR-USD ranged between 1.1734 and 1.1695, as USD-JPY bottomed at 110.96, later recovering over 111.20. USD-CAD printed two-plus month […]
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