Goldman Sachs Flags 3 Key Risks Ahead of Europe’s Earnings Season 
Trump has made more than $1 billion from crypto in a year. How? 
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
Bank of America Upgrades T-Mobile to Buy, Says LEO Satellite Fears Are Overdone 
Bernstein Names IAG, Ryanair as Top European Airline Stocks Ahead of Earnings 
Goldman AM Sees Strong Buyout Opportunities in Japan, South Korea and Australia 
Gold Pulls Back After Hitting $4,180 as Geopolitical Risk Sends Crude Higher 
In a rebuke to Trump, the Supreme Court rules that birthright citizenship is the law of the land 
 - EconoTimes)
Commodity pairs (AUD, NZD, & CAD) held off well throughout last week but gave up after the release of NFP report. A chart and table is attached for explanation.
- Aussie is trying to gain some ground after Friday's bitter loss. Cot report showed that speculators held short positions at -61,500 contracts. Aussie is currently trading at 0.773. Immediate Support lies at 0.765 & Resistance 0.789.
- Kiwi lost nearly 300 points last week since it failed to break above the resistance of 0.762. Speculators maintained net short in NZD by -1300 contracts. Pair is currently trading at 0.737. Further losses can't be ruled out as key support is broken. Immediate Support lies at 0.722 & Resistance 0.75.
- Canadian dollar gained some grounds in today's trading so far after suffering big losses over non-farm payroll last Friday. Cot report showed speculators increased bets over further weakness at currently stands at -38800 contracts. Focus is on trade data to be published today. Currently trading at 1.26. Immediate Support lies at 1.24 & Resistance 1.272.
|
AUD |
0.26% |
|
NZD |
0.41% |
|
CAD |
0.16% |
