The British Pound was pegged to support for most of last week before beginning to slide below yesterday. This can open the door for a deeper retracement before the longer-term bullish move is ready for continuation.
Recent changes in sentiment warn that the current AUDUSD price trend may soon reverse lower despite the fact traders remain net-short.
The combination of current sentiment and recent changes gives us a further mixed USDJPY trading bias.
Recent changes in sentiment warn that the current GBPUSD price trend may soon reverse lower despite the fact traders remain net-short.
Recent changes in sentiment warn that the current EURUSD price trend may soon reverse lower despite the fact traders remain net-short.
Weak bounce in silver led to new near-term lows; gold on the verge of breaking down further and helping silver break support levels along the way.
The Japanese Yen is getting some respite from what has been a pretty relentless hammering by the US Dollar. This looks unlikely to last, however.
The combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias.
Implied volatility in short-term options rises ahead of BoC Governor Poloz speech and RBNZ; outsized price movement expected for CAD & NZD.