USDCAD falls to new session lows The USDCAD is trading to a new session alone in the process is testing a swing area between 1.3494 and 1.35039. Below that is the September 1 low at 1.34889. Get below those levels and traders will start to think about the 200 day moving average down at 1.3464
Number of traders net-short has decreased by 18.42% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI EUR/CHF BEARISH 85.65% 14.35% 6.02% Daily 1.65% Weekly -38.61% Daily -18.42% Weekly -4.00% Daily -1.82% Weekly of clients are net long. of clients are net short. Change in Longs Shorts
RAND TALKING POINTS & ANALYSIS SA mining data , US PPI, retail sales and jobless claims data pool together to limit rand upside. Michigan consumer sentiment the focal point tomorrow. USD/ZAR seeks fundamental catalyst as prices hover around key resistance zone. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market
© Reuters. The People’s Bank of China (PBOC) plans to issue a larger batch of bills in an effort to stabilize the weakening yuan, according to state media Financial News on Thursday. This move follows the central bank’s announcement of ramping up bill sales in Hong Kong next week. The PBOC intends to sell CNY
Share: The US Dollar is in the green and is set for weekly gains. ECB Lagarde dropped the ball and the Euro got punished. The US Dollar Index stronger as PPI and Retail sales surprise to the upside. The US Dollar (USD) firmly above 105 in the US Dollarindex (DXY) and has the
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ECB Hikes by 25-bps, Hints at Reaching Terminal Rate The ECB voted to raise all three interest rates, seeing the deposit facility up to 4%. The decision was taken after the committee’s assessment of the inflation outlook, incoming data and strength of monetary policy transmission necessitated a hike. Customize and filter live economic data via
CPI was a little hotter than expected, but not enough to alter expectations that the FOMC will skip hiking rates at its meeting next Wednesday. And the report did not change views that the door is open for a tightening in November, but it still not any more than a 50-50 bet. Treasuries went into
Headlines: Markets: AUD leads, GBP lags on the day European equities slightly higher; S&P 500 futures up 0.4% US 10-year yields up 1.4 bps to 4.262% Gold up 0.1% to $1,907.80 WTI crude up 1.3% to $89.67 Bitcoin up 0.5% to $26,362 Major currencies didn’t do a whole lot today, as traders are waiting on
Euro, EUR/USD, US Dollar, EUR/JPY, Japanese Yen, EUR/GBP, British Pound, Trend, Range – Talking Points Euro bearishness might be intact against the US Dollar in the near term The bullish case for EUR/JPY could have some legs after a brief plunge EUR/GBP may see a breakout at some stage. What are the levels to watch?
