US Dollar (DXY) Eyes Multi-Month Low But Speculators are Trimming Their Short Positions
The US dollar chart remains weak with a short-term series of lower highs and lower lows highlighting the greenback’s weakness. A new multi-month low may be on the horizon.
Read More »The GBP is the strongest and the JPY is the weakest as NA traders enter for the day
The USD is marginally lower The GBP is the strongest and the JPY is the weakest. The GBP has been the biggest mover but relative to other days, the action…
Read More »Australian Dollar Forecast: RSI Flops Ahead of Overbought Territory
AUD/USD may consolidate over the coming days as the Relative Strength Index (RSI) appears to be reversing course ahead of overbought territory.
Read More »How to Trade the Euro, NOK and SEK Using the Core-Perimeter Model
A macro forex trading guide exploring how to trade the Euro vs the Swedish Krona and Norwegian Krone through the prism of the Core-Perimeter model
Read More »Dollar as a Safe Haven or Source of Global Instability?
The US Dollar is the traditional safe haven currency – a boon when global risk is shaken by a pandemic. And yet, that role is not inviolable. With a swell…
Read More »Australia trade balance for May: AUD +8.025 bn (expected AUD +9bn)
AUD 8.025bn surplus – expected AUD 9bn surplus – prior AUD surplus revised to 7.83bn – exports expected -7% m/m, prior -11% – imports expected -9% m/m, prior -10% AUD…
Read More »RBNZ’s Orr welcomes decline in retail interest rates
RBNZ’s Orr welcomes decline in retail interest rates, saying “now is not the time for credit crunch to develop”.
Read More »Canadian Dollar Trading: US Economic Growth Takes Center Stage
A macro forex trading guide exploring the US-Canada relationship and how to trade the Canadian Dollar through the prism of the Core-Perimeter model.
Read More »Euro Forecast: Choppy Trading Likely in EUR/USD on Quarter-End Flows
The coming week sees the start of a new month and a new quarter, when portfolio rebalancing could result in turbulent trading in major assets, including EUR/USD and the Euro…
Read More »NZD/USD Rate Vulnerable Following RBNZ as RSI Snaps Bullish Formation
NZD/USD may continue to give back the advance from the start of the month as the Relative Strength Index (RSI) snaps the upward trend carried over from March.
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