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CADJPY Bullish View CADJPY is an interesting pair to watch as we kick off the new week. The retail market is holding a heavy 81% short position in the pair currently, suggesting plenty of room for the current rally to continue. CAD has been the strongest performer across early European trading on Monday. A better […]

AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are on the 200-day Moving Average, which indicates a lack of any trend. The RSI is testing the resistance line. As a result, a downward breakout of 4/8 (0.6713) is expected, followed by falling to the support at 2/8 (0.6652). The scenario can be canceled […]

The Australian dollar is trying to grow against the US dollar again. The current quote is 0.6727. China has issued a large chunk of statistics today that turned out, indeed, positive. For Australia, stable Chinese reports are crucial because China is the country’s leading trade and economic partner. Do, the Chinese GDP in Q1 2023 […]

Banking Results in Focus On the back of the USD reaction we saw to last week’s US banking sector results, traders are keen to receive further performance updates from the financial sector. Ahead of big dogs Morgan Stanley and Goldman Sachs tomorrow, traders will today be focusing on State Street which is due to report […]

The dollar went up on Friday thanks to hawkish comments from a Fed representative, Waller. The events and reports calendar for this week is not particularly noteworthy, so market participants are likely to focus on central bank representatives’ comments regarding the need and degree of final tightening in May. The dollar has rebounded, but investors […]

EURUSD, “Euro vs US Dollar” EURUSD is correcting in a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.0910 is expected, followed by growth to 1.1145. An additional signal confirming the decline will be a rebound from the lower […]