USD Strategy for Bullish and Bearish Scenarios as the Dollar Remains Near Lows

Talking Points: – This week’s economic calendar is back-loaded, with little by way of excitement until Wednesday and Thursday of this week. Wed marks the start of the Fed’s twice-annual testimony in front of Congress, and the Bank of Canada announces an interest rate decision. – The U.S. Dollar remains near 10-month lows as we […]

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Canadian Dollar Remains Weak Thanks to Oil Decline, Data Generally Soft

Fundamental Forecast for USD/CAD: Bullish – USD/CAD has rallied towards the top of a six-month range but further weakness may lie ahead – Canadian unemployment data posts significant beat, stabilizing Loonie. – Fed rate decision, oil inventories on Wednesday likely to drive oil, with repercussions for USD/CAD. The Canadian dollar has been range bound for […]

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S&P 500 Remains a Buy Until this Changes

Why and how do we use the SSI in trading? View our video and download the free trading guide here SPX500 – The ratio of long to short positions in the SPX500 stands at -8.18 as 11% of traders are long. Yesterday the ratio was -8.03; 11% of open positions were long. Long positions are […]