Tag Archives: FTSE

The Japanese Yen has won back some ground against the US Dollar, with USD/JPY latest upside foray staring defeat in the face

The British Pound is pulling back after this morning’s UK inflation data. The bigger question is whether this is a bump in the bullish road or a factor that might bring on a bearish reversal ahead of an anticipated rate hike.

We’re seeing the market resolve its recent choppiness to the top-side, but the market is far from being out of the woods with topping potential still in the works.

Overall Euro positioning carries a distinctively bearish bias but shorter-term signs of a possible upturn may pave the way for a tectonic change in the currency’s trajectory.

The combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.

The Canadian Dollar paused its rally while providing a framework for future hikes on a bullish revision to their economic outlook over the coming years.

After a troubling sell-off in February and a degree of grind in March, bulls came back into GBP/JPY in April, helping to continue the trend that was so prominent in 2017. But prices are pulling back after this morning’s inflation report.