Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bullish contrarian trading bias.
Daily Technicals
This article delves into the technical outlook for USD/JPY, EUR/JPY and GBP/JPY, identifying the crucial price points that could serve as resistance or support in the coming days.
Nvidia lifted global sentiment after a stellar earnings report and we look ahead to US GDP and PCE data after the Fed leaned towards the ‘higher for longer’ stance on interest rates
Outlook on CAC 40, DAX 40 and Dow post stellar Nvidia Q4 earnings.
Outlook on FTSE 100, DAX 40 and Nasdaq 100 ahead of Fed member speeches, FOMC minutes and Nvidia after-hours Q4 earnings.
The Bank of England’s Monetary Policy Committee faced questions around the economic outlook and inflation. The recent USD decline has buoyed gold’s recovery
Outlook on FTSE 100, CAC 40 and S&P 500 as earnings season is drawing to an end.