Copper Bullish Continuation: Q2 Top Trading Opportunities
Copper has been supported by unprecedented monetary policy, ultra-low interest rates and more importantly, low or negative real yields. It now looks to benefit from a strong recovery in output.
USD/JPY Snaps April Opening Range as Bearish Price Series Takes Shape
USD/JPY searches for support as the exchange rate fails to retain the opening range for April and extends the series of lower highs and lows from earlier this week.
S&P 500 Continues to Trade Around Highs as Big Banks Beat on Earnings
The S&P 500 continues to trade above the 4,100 level as strong bank earnings and reductions in loan-loss reserves provide further evidence of the improving economic outlook.
Short AUD/CAD: Q2 Top Trading Opportunities
Heading into Q2, I am bearish on AUD/CAD on US economic outperformance, BoC tapering and favourable positioning.
Euro Forecast: EUR/USD Bulls Eyes Key Resistance as US Dollar Loses Steam
EUR/USD bulls in control as USD loses its shine, edging towards key resistance.
Dogecoin Explodes and Leads the CryptoMania Ahead of Coinbase DPO, Bitcoin Cash Surges
Dogecoin surges over 80% as the crypto markets booms in anticipation of the Coinbase DPO
Oil Q2 2021 Technical Forecast
After an impressive start to 2021, the oil forecast for the second quarter of the year is lacking an overly optimistic tone given a weaker picture for demand and stronger growth in rival supply, as...
USD/CAD Weakness Set to Continue, Support Under Pressure
USD/CAD weakness remains with the pair drifting lower on a weaker USD and a better-bid oil market.
British Pound (GBP) Outlook: GBP/AUD, GBP/NZD, GBP/JPY Weakening
Sterling is shifting lower against the Australian Dollar, New Zealand Dollar and Japanese Yen, as well as the Euro, after Andy Haldane, the lone hawk among UK policymakers, decided to step down.
Nasdaq to Outperform Dow Jones as Reflation Trade Loses its Luster
The tech-heavy Nasdaq may outperform the benchmark Dow Jones index in the coming weeks as strong demand for Treasuries, and in-line inflation prints, take some steam out of the Reflation Trade.