The dollar retained a softening bias while the dollar bloc and other commodity and cyclical currencies retained a firming bias, although momentum flagged somewhat during the course of trading, into the open of European interbank markets. While the MSCI World Index yesterday clocked a fresh record high, the mood in Asian stock markets has been […]
The dollar and yen firmed up and the dollar bloc and other cyclical currencies turned lower as stock markets in Europe drifted lower after a mixed session across Asian markets. Commodities also came off the boil, with copper prices, for instance, turning negative on the day after posting a near seven-year high. Oil prices also […]
The Dollar was mostly lower in N.Y. on Wednesday, resulting in a fresh three-month low for the DXY. The index touched 91.92 lows, levels last seen on September 1. A barrage of incoming U.S. data was mixed, though overall weighed some on the Greenback. Revised GDP was unchanged from its initial print, while initial jobless […]
The S&P 500, Dow Jones and crude oil prices have recently made critical advances to the upside. Is retail positioning supporting the case for further upside momentum?
The DAX is currently trading at a big spot on the charts with multi-month resistance standing in its way to reach record highs.
Gold prices have broken down through key technical support, amidst a shift in the fundamental narrative.
Canadian Dollar rallied 2.5% month-to-date with USD/CAD now eyeing yearly open support near the 2020 low. Here are the levels that matter on the Loonie technical charts.
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