Bank of Canada Preview: Market Positioning Offers up Short-Term Opportunity

The BoC is due to raise rates by 25 or 50 basis points with market positioning square in the middle of the two outcomes. Positioning is likely to adjust on the outcome

from DailyFX – Market News https://bit.ly/3F9Ly1Q
via IFTTT

USD/JPY Records its Largest Daily Gain Since Mid-June, More Upside Ahead?

USD/JPY consolidates following yesterday’s gains. Due to the lack of economic data any further moves are likely to be driven by the dollar index.

from DailyFX – Market News https://bit.ly/3HnbCJA
via IFTTT

Euro (EUR/USD) Outlook Muted Ahead of ECB and Fed Policy Decisions

With little data or events of note on the economic calendar today, traders will start looking ahead to next week’s FOMC and ECB all important policy decisions

from DailyFX – Market News https://bit.ly/3h2cfxw
via IFTTT

GBP Update: Spirited Pound May be Losing Ascendency Against the USD

GBP/USD is trading at key technical levels as the dollar finds support from U.S. economic data.

from DailyFX – Market News https://bit.ly/3WckztN
via IFTTT

Crude Oil Ponders Course as Markets Fear the Return of the Fed. Lower WTI?

The Euro backed away from parity again after the US Dollar ascendency got back on track after the Federal Reserve got its message across loud and clear. Where to for EUR/USD?

from DailyFX – Market News https://bit.ly/3VW1KdU
via IFTTT