Dollar Finally Outshines AMC But Can NFPs Spur a USDCAD Trend?
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S&P 500, AMC, USDTRY, Dollar and USDCAD Talking Points:
• AMC – the torchbearer for speculative appetite – took a nasty spill this past session which may have been the result of a more modest technical slip by major US indices
• Sentiment is still showing an uneven bearing with Germany’s DAX and Australia’s ASX 200 still pushing record highs, but market and sentiment volatility are rising
• Between the tentative risk correction and strong US data, the Dollar earned a high-profile bullish break; but confirmation from the likes of USDCAD awaits NFPs
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