Will Risk-on persist? What next for Wallstreet & Riskier FX?
Market risk tone this week has maintained positivity ahead of President Biden’s fiscal policy revelation. It seems stocks will climb higher thus dragging risk-on FX like AUD, NZD and CAD along with them. Is risk drifting away from Trump toward Biden? There is a feeling among traders that the market is fast pricing-in more risk […]
Daily Forecast- Technical Analysis of Major FX Pairs Ahead of NFP
The dollar resumed gains on Friday against other major currencies ahead of the first NFP data of the year. Let’s look at what the charts are printing ahead of the important event. Spotlight will be on the US’s first employment data of the year on Friday. Meanwhile, the dollar has been active early in the […]
Market Forecast- EURCAD paints downside possibilities amid rallying oil prices
EURCAD might turn downside next week as oil prices shoot higher. Meanwhile, the EUR may stay neutral or even retreat after making multiple highs in recent weeks. The strength of the oil market could trigger a sharp decline on EURCAD as fundamental and technical factors support the bears more. The currency pair has gained over […]