CurrencyKey Pairs the Hawk Eyeing This Week & Trade Ideas 19 Feb 2021
GLOBALTrump becoming irrelevant but lasting damage - still the powerhouse
EURLong @2046 (2/18) TP 2290. Give some time but shld get there
CADWatch oil for clues on this one
NZD Pass the milk. Skip here and look at aussie
USDRetail sales looked good - but favour euro this week
WTIGet over $61 and might have a little ride north. Its cold in Texas
ChinaSee below

RSS China Watch

RSS Special Reports

  • Bets Increased for a Bigger RBNZ Hike in November. Yield Spread Widened to Above 200 bps with Japan October 19, 2021
    NZD remains firm. Hopes of a +50 bps rate hike in November have heightened after the strong inflation report. NZ-US yield spread widened to a level not seen since 2017. More remarkably, NZ-JP yield spread widened to over 200 bps. A more prominent policy divergence between the RBNZ and BOJ could remain supportive of NZDJPY. […]
  • CFTC Commitments of Traders – Risk Currency Rebounded on Bargain-Hunting October 16, 2021
    As suggested in the CFTC Commitments of Traders report in the week ended October 12, NET LENGTH of USD index futures rose +3 306 contracts to 35 062. Bets increased modestly on both sides. Concerning European currencies, NET SHORT of EUR futures dropped -3 936 contracts to 18 398. Speculative shorts gained +5 693 contract […]
  • CAD Supported by Energy Price Strength. Strong Job Market and Inflation Lifted Yields October 11, 2021
    Falling to the weakest level since August, USDCAD was the worst performer amongst majors (CAD best performer against USD). Loonie’s rebound was driven by energy prices and strong job data. Elevated inflation also has again heightened speculations about BOC’s rate hike. The major driver of loonie’s strength was energy price. Crude oil price rallied as […]

RSS Action Forex Fundamental Analysis

  • Will Canadian CPI Shake Up Loonie? October 20, 2021
    The Canadian dollar has had an uneventful week, but that could change later in the day, as Canada releases CPI data for September. CPI expected to accelerate Things are looking rosy for the Canadian dollar. It’s been an outstanding October, with the currency gaining 2.57%.On Tuesday, USD/CAD dropped to 1.2311, its lowest level since July […]
  • Could Eurozone Flash PMIs Hinder Euro’s Bullish Breakout? October 20, 2021
    As supply crunches hit global economies and inflation perks up, investors will look for any red economic signals in the Eurozone when flash Markit PMI figures for October come out on Friday at 08:00 GMT. The data are expected to provide a bitter taste on the matter, reflecting a fading economic recovery for another month, […]
  • EUR/USD Bounces Off 1.1670 October 20, 2021
    On Tuesday, the EUR/USD failed to surge, as the 1.1670 appeared to have provided the rate with resistance, which caused a decline. By the middle of Wednesday’s trading, the pair had reached the last week’s high level zone, which provided support. If the rate passes the support of the 1.1620/1.1625 zone, it could aim at […]
    Dukascopy Swiss FX Group
  • GBP/USD Respects Pivot Point October 20, 2021
    On Tuesday, the GBP/USD surged and reached the resistance of the weekly R1 simple pivot point at the 1.3830 level. The pivot point’s resistance held and caused a decline. By the middle of Wednesday’s European trading hours, the decline had passed the support of the 55-hour SMA at 1.3769 and was heading to the 1.3750 […]
    Dukascopy Swiss FX Group

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