If the Canadian Dollar is going to gain ground, it appears USD/CAD rates are more likely to deliver on that potential than CAD/JPY rates at present time.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/JPY-bearish contrarian trading bias.
Will the Nasdaq 100 outpace the Dow Jones in a busy earnings week for FAANG companies? All eyes are on Facebook, Amazon, Apple and Alphabet after Netflix and Microsoft disappointed.
Last week, USD/CAD declined to a multi-week low then rallied. Will bears keep steering the pair’s price action?
The FTSE has been shackled lately, unable to make its way higher or lower; the lagging nature compared to other global markets makes it vulnerable.
The Australian Dollar breakout is stalling at fresh yearly highs with the FOMC on tap tomorrow. Here are the levels that matter on the AUD/USD technical charts.