Sterling Stronger on Reopening Optimism, Dollar Stabilizes
Sterling rises broadly today as UK Prime Minister Boris Johnson said he’s “hopeful” and “very optimistic ” to end pandemic restrictions...
ActionForex
Longer-Term Demand/Supply Outlook Remains Supportive of Copper Strength
Breaching the US9000/tonne benchmark, LME copper price skyrocketed to the highest level since 2011. The recent rally in copper price ha...
Dollar Soft as Markets Await Fed Chair Powell Testimony, Oil Jumps
Dollar stays generally soft in Asian session today as markets await Fed Chair Jerome Powell’s testimony. The topics of inflation and su...
Swiss Franc Weak after Brief selloff, Yen and Dollar Also Soft
Swiss Franc was a focus in earlier European session as it suffered brief but deep selloff. Though, it somewhat found some footing quick...
NZD Surges on Rating Upgrade, Eyes on RBNZ This Week
New Zealand Dollar opens the week higher after ratings upgrade by S&P. The Kiwi would now look into RBNZ’s comments on the economy ...
RBNZ Preview – Policymakers to Sound Less Dovish with Yields and NZD Strengthened
We expect the RBNZ to deliver a less dovish message in the upcoming meeting. Economic data released since the November meeting have bee...
Aussie Surged With Industrial Metal Prices, More Upside in Favor
Stocks markets took a breather last week while focus turned to surging industrial metal prices and treasury yields. Strength in metals ...
CFTC Commitments of Traders – Platinum Rallied to 6-Year High on Strong Demand Expectations
Precious metals were mixed last week. According to the CFTC Commitments of Traders report for the week ended February 16, gold futures’...
CFTC Commitments of Traders – USD Net Short Gained Slightly as Risk Appetite Improved
As suggested in the CFTC Commitments of Traders report in the week ended February 16, NET SHORT of USD Index futures dropped -412 contr...
Australian Dollar Skyrockets on Surging Metal, Markets Cheer PMIs
Australian Dollar overtakes Sterling as the strongest one for the week, as supported by return of risk-mode markets. In particular, ind...