Copper prices moved aggressively higher again today as inventories hit their lowest level in 47 years. Will this surge bring new highs?
The tech-heavy Nasdaq 100 Index pushed higher on Tuesday as market participants eagerly awaited key earnings releases. Netflix beats on earnings and new subscribers.
USD/MXN could continue to retreat in the short term if U.S. equities extend their recovery and risk appetite remains high in global markets.
Oil prices climb to 2014 levels as supply constraints weigh on energy prices. Commodity sector eyes inflation data and inventories.
Looming developments in the RSI may indicate a further advance in AUD/USD if the oscillator pushes into overbought territory for the first time since February.
The Kiwi Dollar is moving higher after New Zealand’s third-quarter inflation data beat analysts’ expectations. China GDP is in focus for APAC traders.
Trader confidence continues to rise, weakening safe havens like the US Dollar but helping stocks and also assets like copper and crude oil that would benefit from stronger global demand.
USD/CAD slides lower on US dollar weakness, while retail traders increase their USD/CAD short bets.
Euro eyes psychological barrier as USD slides. Risk to chasing EUR/GBP lower from current levels.
Global risk appetite is rising, and that is bad news for the safe-haven US Dollar and good news for currency pairs such as GBP/USD, AUD/USD and NZD/USD.
Login with Google
Login with Facebook